Andrew Rasken Of META Development Secures $28M Construction Loan From Arixa Capital For OPUS

The property involved in this transaction is a development site located at 3137 Southwest 27th Avenue in Miami. This asset is part of OPUS, a boutique luxury project comprising 14 units that are over 50% sold, with residences starting at $2.8 million. The project is designed by Kobi Karp and João Armentano and includes amenities such as a rooftop pool, a fitness center, a spa, and autonomous parking, with completion expected in 2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,000,000
• Lender: Arixa Capital
• Landlord: Andrew Rasken - META Development
• Loan Type: Construction

The deal was facilitated by Andrew Rasken, representing META Development, which secured the financial backing for the OPUS project to aid in its construction and deliver the luxury residences to the market by 2027.