LendVent Realty Capital Provides $1.7M Bridge Loan For Miami Multifamily Property

A bridge loan of $1,700,000 was secured for the acquisition of a multifamily property located at 1281 NW 61st Street in Miami. The property consists of 33 units with a total square footage of 15,757. The loan was provided by LendVent Realty Capital and the borrower's representative in the deal is John Femenia.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $1,700,000
• Units: 33
• Square Footage: 15,757
• Market: Miami

The landlord of the property is Y Apartments, represented by Joseph Cohen. The bridge loan has a term of 12 months. The deal was finalized on 02/15/2023.