Popular Bank Refinances $2.5M Multifamily Property In Miami With Propolis As Landlord

Propolis, represented by Misha Gurevich, completed a refinancing transaction for a multifamily property located at 121 NW 7th Ave in Miami. The loan, provided by Popular Bank and Orlando Oliva, amounted to $2,502,500. The deal was brokered by Eric Gleitman from Mercury Capital Markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,502,500
• Lender: Popular Bank - Orlando Oliva (@_Orly_)
• Landlord: Propolis - Misha Gurevich
• Broker: Eric Gleitman - Mercury Capital Markets (@MercuryCapitalMarkets)

With the assistance of Eric Gleitman, Misha Gurevich secured a refinancing deal for the multifamily property at 121 NW 7th Ave in Miami. The loan was provided by Popular Bank, with Orlando Oliva representing the lender. The transaction, totaling $2,502,500, allowed Propolis to optimize their financial arrangements for the property.