Matt Nihan, Michael Basinski, And Scott Wadler Secure $43.5M Loan In Miami

The 112,896-square-foot mixed-use property located at 4141 NE 2nd Ave in Miami's Design District has secured a $43.5 million loan for refinancing. The loan was arranged by Berkadia's Miami office, with Scott Wadler, Matthew Nihan, and Michael Basinski representing Dacra, the local real estate owner-operator. The property accommodates a mix of office and retail tenants, including well-known brands like B&B Italia, Design Within Reach, iHeart Media, and MC Kitchen.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $43,500,000.00
• Address: 4141 NE 2nd Ave, Miami, FL, 33137
• Market: Miami
• Borrower's Reps: Matthew (Matt) Nihan (Berkadia), Michael (Thomas) Basinski (Berkadia), Scott Wadler (Berkadia)
• Lender: LMF Commercial

LMF Commercial provided a 10-year fixed-rate loan for the property, benefiting Dacra, the real estate owner-operator in Miami. Berkadia, with the expertise of Scott Wadler, Matthew Nihan, and Michael Basinski, successfully secured the financing for the mixed-use property. The space at 4141 NE 2nd Ave in Miami is home to a variety of tenants, enhancing its appeal and contributing to its significance in the Design District.