Marcel Navarro, Gabe Navarro & Marcos Puente Of MMG Equity Partners Secure $21.48M Loan For Mixed-use Asset In Miami
Southwest 144th Avenue
$21,479,867
Building Size
—
Asset Type
Mixed-use
Closing
Jun 29, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 2398 SW 144th Ave, Miami, FL 33175. The total loan amount secured for this construction project is $21,479,867. The deal is part of the Miami market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $21,479,867
- Lender: Seacoast Bank
- Landlord: Marcel Navarro, Gabe Navarro & Marcos Puente - MMG Equity Partners
- Brokers: Chris Drew, Brian Gaswirth & Michael Romero - JLL
- Loan Type: Construction
The individuals involved in this transaction include Marcel Navarro, Gabe Navarro, and Marcos Puente, who represent MMG Equity Partners as landlords. The brokerage team from JLL, consisting of Chris Drew, Brian Gaswirth, and Michael Romero, facilitated the deal. This collaboration highlights the roles of both the representatives and the landlords in the financing and development of the property.
Players
Market 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93