The Hialeah Distribution Center, located at 3130 W 15th Ave in Hialeah, FL, was involved in a recent loan transaction. The asset is an industrial property, and the loan was for the purpose of acquisition. The total loan amount was $5,537,500.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5,537,500
• Address: Hialeah Distribution Center - 3130 W 15th Ave
• Market: Hialeah, FL

Popular Community Bank provided the loan for the acquisition of the Hialeah Distribution Center. The debt broker involved in the transaction was David Oheb from Meridian Capital Group. Representing the buyer in the deal was Shanna Naim from NDA Realty. The loan terms were based on a $10,000,000 purchase, with the loan amount covering $5,537,500.

This loan facilitated the expansion of a Los Angeles-based ecommerce business into Southern Florida. The financing transaction was closed by Meridian Capital Group within 45 days, despite it taking place during the year-end 2022 holidays.