Oğuz Murat Otay Of Nehir Group Secures $5M Construction Loan In Miami

The development site located at 723 Northeast 77th Street in Miami has been involved in a recent transaction. The property, with a buildable square footage of 16,061, was part of a deal that included a construction loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,000,000
• Lender: Berk Ocal - OCAL Capital Corp.
• Landlord: Oğuz Murat Otay - Nehir Group
• Loan Terms: 24 months

The individuals at the center of this transaction were Berk Ocal representing OCAL Capital Corp. as the lender and Oğuz Murat Otay from Nehir Group as the landlord. The $5,000,000 construction loan was secured for a period of 24 months, highlighting the financial involvement of the key parties.