JDS Development Group Secures $86M Loan For Mixed-Use Development In Brickell, Miami

A mixed-use development located at 1133 SW 2nd Street in Brickell, Miami, was involved in a recent closed transaction. The property, owned by JDS Development Group represented by Michael Stern, caught the attention of lenders and brokers in the market.

Summary of transaction details

• Property Type: Mixed-use Development
• Transaction Amount: $86,000,000
• Loan Type: Acquisition & Construction Loan
• Lender: Maxim Capital Group represented by Adam Glick
• Landlord: JDS Development Group represented by Michael Stern
• Brokers: Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Sean Reimer, Mo Beler, and Sean Bastian represented by Walker & Dunlop

The acquisition and construction loan for this property was obtained from Maxim Capital Group, with Adam Glick representing the lender. The loan amount of $86,000,000 will facilitate the development and improvement of the mixed-use property. In addition, JDS Development Group, led by Michael Stern, serves as the landlord for this project.

The deal was facilitated by a group of brokers from Walker & Dunlop, including Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Sean Reimer, Mo Beler, and Sean Bastian. Their involvement ensured a successful transaction between the lender, JDS Development Group, and the property owner.