SME Capital Provides $58 Million Construction Loan For Development Site At 2650 Lincoln Avenue

The asset involved in this transaction is a development site located at 2650 Lincoln Avenue in the Miami market. A loan amount of $58,000,000 was secured for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $58,000,000
• Lender: SME Capital
• Landlord: LORE Development Group (Leste Group/Opportunity Fundo de Investimento Imobiliário) & Element Development
• Landlord's Representatives: Scott Wadler, Bobby Dockerty, Mitch Sinberg, Matthew Robbins & Brad Williamson - Berkadia
• Loan Type: Construction

This transaction featured key representatives from Berkadia, specifically Scott Wadler, Bobby Dockerty, Mitch Sinberg, Matthew Robbins, and Brad Williamson, who facilitated the loan agreement between the landlord and SME Capital, marking a significant milestone in the development of the site.