Sanjay Patel, Hiren Patel & Neal Patel Secures $10.5M Construction Loan For Development Site In Palm Bay, FL

A development site located at 6164 Minton Road NW in Palm Bay, FL, has recently undergone a closed transaction. The property, with a building square footage (BSF) of 283,140 and a total square footage (SF) of 135,000, has been involved in a new construction self storage project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,500,000
• Loan Type: Construction Loan

Sanjay Patel, Hiren Patel, and Neal Patel were the landlords involved in the transaction. The loan amount for the construction loan was $10,500,000. The property will be developed into a new self storage facility, according to the loan terms.

Note from landlord: Visit www.mhghotelsllc.com for more information.