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4218 Northeast 2nd Avenue

Construction Loan Of $85,500,500 Secured By Landlords Alison Greenfield Ophir Sternberg Eduardo Pelaez And Matt Lane
FINANCEDMixed-use

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:

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

Scott Wadler

Berkadia

Broker

$10.2B

vol

167 deals

Broker
Monroe Capital
Monroe CapitalLender
Eduardo Pelaez

Eduardo Pelaez

Landlord

$300.5M

vol

12 deals

Landlord

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