S3 Capital Partners Provides $13.3M Acquisition Loan For Development Site In Miami Industrial Section

The development site located at 3898 Shipping Ave in the Industrial Section of Miami has recently been involved in a loan transaction. The property spans a total of 43,785 square feet and is designated as a development site.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $13,300,000
• Address: 3898 Shipping Ave
• Market: Industrial Section, Miami
• Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
• Landlord: MG Developer - Alirio Torrealba & Baron Property Group - Matthew Baron
• Brokers: Jeff Donnelly & Dmitry Levkov - Colliers International

The loan amount for this transaction is $13,300,000, and it is classified as an acquisition loan. The lenders involved in this deal are Robert Schwartz and Steven Jemal from S3 Capital Partners. The landlords of the property are Alirio Torrealba from MG Developer and Matthew Baron from Baron Property Group. The brokers representing the transaction are Jeff Donnelly and Dmitry Levkov from Colliers International.

It's worth noting that this loan transaction represents phase I of a two-tranche land assemblage for the mixed-use development known as Merrick Parc.