NR Investments Secures $61M Loan For Mixed-Use Property In Miami

NR Investments has completed a closed property transaction in Miami. The mixed-use property, located at 1642 NE 1st Avenue, consists of 252 units. The deal was facilitated by brokers Keith Melton, David Strange, Jeremy Pino, Livingston Hessam, Carl Passmore, and Kyle Miller from Walker & Dunlop, Inc. The loan amount for this transaction was $61,046,600.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $61,046,600
• Address: 1642 NE 1st Avenue, Miami
• Units: 252

The involvement of NR Investments as the landlord, along with the guidance of the brokers from Walker & Dunlop, Inc., played a crucial role in the successful completion of this transaction. This closed property deal demonstrates the strong demand for mixed-use properties in Miami's market.