IMC Equity Group has obtained a $43.8 million construction loan for its Northside Village project in West Little River, Miami. The project includes two six-story apartment buildings, a four-story self-storage facility, and retail space. The development site is located at 2751, 2795 Northwest 84th Street & 8400 Northwest 27th Avenue, covering an area of 5.2 acres in the West Little River market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $43,800,000
• Lender: Popular Bank
• Landlord: IMC Equity Group - Yoram Izhak
• Loan Type: Construction Loan
• Loan Terms: Floating interest rate and a three-year term with extension options

The lender for this transaction is Popular Bank, providing IMC Equity Group with a construction loan amounting to $43.8 million. The landlord of the Northside Village project is IMC Equity Group, represented by Yoram Izhak. The loan has a three-year term with extension options and features a floating interest rate. Construction for the project is expected to be completed by next summer.