Urban Network Capital Group Secures $30 Million Condo Construction Loan In Miami
1136 Southwest 3rd Avenue
$30,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 17, 2025
AI
The property asset involved in this transaction is a condominium located at 1136 SW 3rd Avenue in the Miami market, consisting of 110 units. The transaction is centered around a condo construction loan amounting to $30,000,000.
Summary of transaction details:
- Property Type: Condominium
- Transaction Amount: $30,000,000
- Loan Type: Condo Construction Loan
- Landlord: Urban Network Capital Group
- Brokers: Keegan Burger & David Larson - Concord Summit Capital
Key individuals involved in this deal include Keegan Burger and David Larson, who represent Concord Summit Capital as brokers in this transaction. They play a crucial role in facilitating the loan and ensuring the interests of the landlord are effectively managed throughout the process.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93