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1136 Southwest 3rd Avenue

Urban Network Capital Group Secures $30 Million Condo Construction Loan In Miami
FINANCEDMultiFamily

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

David Larson

Concord Summit Capital

Broker

$501.5M

vol

8 deals

Broker
UG
Urban Network Capital GroupLandlord

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