Masoud Shojaee & Stephanie Shojaee Landlord $29.85M Loan For Mixed-Use Property In North Bay Village

The asset involved in this transaction is a mixed-use property located at 1872 John F Kennedy Causeway in North Bay Village, comprising a total of 333 units. A predevelopment loan amounting to $29,850,000 has been secured for this property.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $29,850,000
• Address: 1872 John F Kennedy Causeway
• Market: North Bay Village
• Units: 333
• Loan Type: Predevelopment
• Landlord: Masoud Shojaee & Stephanie Shojaee - Shoma Group
• Brokers: Michael Horowitz, Jordan Horowitz & Adam Horowitz - Cooper Horowitz

The deal involves key individuals such as Masoud Shojaee and Stephanie Shojaee, representing the Shoma Group. The brokers facilitating the transaction are Michael Horowitz, Jordan Horowitz, and Adam Horowitz from Cooper Horowitz, highlighting the collaborative effort in securing the financing for this predevelopment project.