Construction Loan Of $85,500,500 Secured By Landlords Alison Greenfield Ophir Sternberg Eduardo Pelaez And Matt Lane
4218 Northeast 2nd Avenue
$83,500,000
$1,284/SF
Building Size
65,000 SF
Asset Type
Mixed-use
Closing
May 26, 2026
AI
The property asset is a mixed-use development located at 4218 Northeast 2nd Avenue in Miami, comprising a total square footage of 65,000. It has secured a construction loan amounting to $85,500,500.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $85,500,500
- Loan Type: Construction
- Lender: Kyle Asher - Monroe Capital
- Landlord: Alison Greenfield - Leviathan Development; Ophir Sternberg - Lionheart Capital; Eduardo Pelaez - WellDuo; Matt Lane - The Lane Organization
- Brokers: Scott Wadler, Alec Fox & Patrick Johnson - Berkadia
The lenders and developers involved in this transaction include Kyle Asher representing Monroe Capital, while the landlords comprise Alison Greenfield from Leviathan Development, Ophir Sternberg of Lionheart Capital, Eduardo Pelaez from WellDuo, and Matt Lane of The Lane Organization. The brokerage team facilitating the deal is made up of Scott Wadler, Alec Fox, and Patrick Johnson, who are associated with Berkadia.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93