Silverstein Capital Partners Provides $340M Construction Loan For Mixed-Use Development In Downtown Miami

Located in Downtown Miami, the mixed-use property at 1010 NE 2nd Ave has recently undergone a closed transaction. Spanning a total of 60,000 square feet, this property showcases its versatility by offering both residential and commercial spaces.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Date: 12/13/2021
• Address: 1010 NE 2nd Ave, Downtown Miami
• Market: Downtown Miami
• Loan Amount: $340,000,000
• Loan Type: Construction

This closed transaction involved Silverstein Capital Partners, who provided a loan of $340,000,000 for the development of the property. Michael May served as the representative of Silverstein Capital Partners in this deal. The landlord, RPC (Royal Palm Cos.), was represented by Daniel Kodsi. The legal representation for both parties was handled by Martin Schwartz and Anthony de Yurre from Bilzin Sumberg.