Lynd Living Secures $22.75M Acquisition Loan For Development Site At 939 N Miami Ave, Miami Worldcenter

Concord Summit Capital, LLC represented by Kevin O'Grady, Justin Neelis, and Daniel Bresnahan facilitated a loan transaction for the acquisition of a development site in Miami Worldcenter. The property, located at 939 N Miami Ave, spans a total of 21,780 square feet. The loan amount secured for this acquisition was $22,750,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $22,750,000
• Address: 939 N Miami Ave
• Market: Miami Worldcenter
• Landlord: Lynd Living - David Lynd
• Brokers: Kevin O’Grady, Justin Neelis, and Daniel Bresnahan - Concord Summit Capital, LLC
• Loan Type: Acquisition
• Loan Terms: 75% Loan to Purchase Price / Non-Recourse

Concord Summit Capital, LLC, under the representation of Kevin O'Grady, Justin Neelis, and Daniel Bresnahan, played a crucial role in facilitating this loan transaction. Their expertise and negotiation skills ensured the successful acquisition of the development site in Miami Worldcenter by the borrower. The non-recourse loan, amounting to 75% of the purchase price, provided the necessary financial support for the acquisition.