The property asset is a development site located at 400 Hibiscus Street in West Palm Beach, FL, comprising a total square footage of 204,263. The loan amount secured for this transaction is $20,000,000, provided as a bridge loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 400 Hibiscus Street
• Market: West Palm Beach, FL
• Asset Size: 204,263 SF
• Lender: Robert Schwartz & Steven Jemal - S3 Capital Partners
• Sponsor: Jordan Kornberg & Camilo Miguel - Mast Capital
• Brokers: Mike Baskinski & Scott Wadler - Berkadia
• Loan Type: Bridge

The deal involved key individuals including Robert Schwartz and Steven Jemal representing S3 Capital Partners as lenders. The sponsors, Jordan Kornberg and Camilo Miguel from Mast Capital, collaborated in securing the financing, while the brokerage team from Berkadia consisted of Mike Baskinski and Scott Wadler facilitating the transaction.