Altamar Financial Group Funds $11.55M Bridge Loan For Miami Development Site

The development site located at 94 Northeast 29th Street in Miami's Wynwood neighborhood spans 31,358 square feet with a building square footage of 133,085. The property was secured with a $11,550,000 bridge loan from Altamar Financial Group. Diego Ojeda from Rilea Group and Cipres serves as the landlord for this asset, with the deal facilitated by brokers Javier Herrera and Nick Sumpter from Franklin Street.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,550,000
• Address: 94 Northeast 29th Street
• Market: Miami - Wynwood
• Asset Type: Development Site
• Building Square Footage: 133,085
• Landlord: Diego Ojeda - Rilea Group; Cipres
• Brokers: Javier Herrera & Nick Sumpter - Franklin Street

The deal was successfully arranged with the noteworthy collaboration of Diego Ojeda, the landlord representing the Rilea Group and Cipres. Facilitating the transaction were brokers Javier Herrera and Nick Sumpter from Franklin Street, who played integral roles in the execution of the $11,550,000 bridge loan through Altamar Financial Group.