The property asset involved in the context is a development site located at 55 Northwest 59th Street in the Miami market. It has a building square footage of 12,500 and is associated with a construction loan totaling $4,118,000 for a duration of 24 months.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,118,000
• Loan Type: Construction
• Loan Terms: 24 Months
• Lender: Hector Castro - Hera Lending
• General Contractor: Alfredo Volante - Volante Works
• Address: 55 Northwest 59th Street
• Market: Miami
• Asset Square Footage: 12,500

The key individuals involved in the deal include Hector Castro representing Hera Lending, who provided the loan, and Alfredo Volante, who represents Volante Works as the general contractor responsible for overseeing the construction project.