Ares Management Real Estate Fund Refinances Multifamily Asset In Miami For $50M

1033 Spring Garden Road

MultiFamily

392,575 SF

Financed 57 days ago

Summary

Loan

FLORIDA

MultiFamily

392,575 sqft

The multifamily property located at 1033 Spring Garden Road in Miami spans 392,575 square feet and comprises 240 units. The property was refinanced for a loan amount of $50,000,000.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $50,000,000
Units: 240
Address: 1033 Spring Garden Road
Market: Miami

The refinance deal was facilitated by Ares Management Real Estate Fund (Ares) as the lender. Robert Suris and Jeffrey Ardizon, representing The Estate Companies, acted as the landlords in this transaction.

Players

All
1

Lenders
1

Ares Management

Details

Deal Summary

FINANCED

IMAGE: Jeffrey Ardizon & Robert Suris DATE: 03/07/2024 ADDRESS: 1033 Spring Garden Road MARKET: Miami ASSET TYPE: Multifamily ~ UNITS: 240 ~ SF: 392,575 LENDER: Ares Management Real Estate Fund (Ares) LANDLORD: Robert Suris & Jeffrey Ardizon - The Estate Companies (@TheEstateCompanies) LOAN AMOUNT: $50,000,000 LOAN TYPE: Refinance

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Address1033 Spring Garden Road

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