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

The property involved is a development site located at 723 Northeast 77th Street in Miami. It encompasses a building square footage of 16,061 and is meant for construction, facilitated through a loan amounting to $5,000,000.

Summary of transaction details:

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

This transaction involves key individuals such as Berk Ocal, representing OCAL Capital Corp. as the lender, and Oğuz Murat Otay, representing Nehir Group as the landlord. Their roles are crucial in facilitating the financing and management of the development project.