BGI Capital Provides $12M Loan For Development Project In Coral Gables

The development property located at 299 Alhambra Circle in Coral Gables has recently been involved in a loan transaction. The loan was provided by BGI Capital in the amount of $12,000,000. The loan terms are set for a 24-month period. The property spans a total square footage of 52,719.

Summary of transaction details

• Property Type: Development
• Transaction Amount: $12,000,000
• Address: 299 Alhambra Circle
• Market: Coral Gables

The key individuals and companies involved in this transaction include Jason Shapiro from Aztec Group, who represented the borrower, and Rishi Kapoor from Location Ventures, who served as the landlord. Jason Shapiro acted as the broker and facilitated the deal.