WD Capital Group Handles $32 Million Refinance Loan For Miami Beach Development Site

This transaction involves a development site located in the Miami Beach market. The loan amount secured for the property is $32,000,000, utilized as a refinance option.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $32,000,000
• Lender: City National Bank of Florida
• Landlord's Representative: Eduardo Pelaez
• Lender's Representative: Emile Schachter - WD Capital Group
• Loan Type: Refinance

WD Capital Group arranged and structured a pre-development facility, assisting the Sponsor in securing the loan. This closing contributes to the firm's total of $435,000,000 in equity and debt transactions since inception, showcasing their active role in the Florida Tri-County region.