Joseph Stern Of SB Development Secures $14 Million Bridge Loan For Development Site In Edgewater Miami

The property asset involved in this transaction is a development site located at 419 Northeast 19th Street in the Edgewater market of Miami. It encompasses a building square footage (BSF) of 637,732 and a total square footage (SF) of 14,277. The loan amount for this transaction is $14,000,000, categorized as a bridge loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,000,000
• Address: 419 Northeast 19th Street
• Market: Edgewater, Miami
• Building Square Footage: 637,732
• Total Square Footage: 14,277
• Landlord: Joseph Stern - SB Development
• Brokers: Marko Kazanjian, Max Herzog, Maxwell Hulsh & Andrew Cohen - Institutional Property Advisors (IPA)
• Loan Type: Bridge Loan

This deal involves key individuals and companies contributing to the transaction, including landlord Joseph Stern representing SB Development. The brokers facilitating this deal are Marko Kazanjian, Max Herzog, Maxwell Hulsh, and Andrew Cohen, all associated with Institutional Property Advisors (IPA).