Pacific Western Bank & Square Mile Capital Provide $142.3M Loan For Mixed-Use Property In Wynwood, Miami

2431 Northwest 2nd Avenue, Miami, FL, USA

$142,300,000

$2,834/SF

Building Size

50,210 SF

Asset Type

Mixed-use

Closing

Aug 20, 2020

AI

A mixed-use property located at 2431 Northwest Second Avenue in Wynwood, Miami, has recently been involved in a closed transaction. The property, consisting of 318 apartments and a commercial space covering 50,210 square feet, has garnered attention in the market.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $142,300,000
Lender: Pacific Western Bank & Square Mile Capital
Landlord: PMG - Ryan Shear; Greybrook Realty Partners
Brokers: Andrew Warman, Lowell Plotkin & Jonathan Blank - PMG

Playing crucial roles in this transaction were the lender, Pacific Western Bank & Square Mile Capital, and the landlord, PMG represented by Ryan Shear and Greybrook Realty Partners. The deal was facilitated by brokers Andrew Warman, Lowell Plotkin, and Jonathan Blank, all from PMG.

Players