Mike Wadler & Adrian Rahimi Of Bank Hapoalim Provide $73.27M Loan For North Miami Beach Multifamily

The asset involved in this transaction is a multifamily property located at 13899 Biscayne Boulevard in North Miami Beach, comprising a total of 254 units. The amount of the construction loan secured for this development is $73,270,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $73,270,000
• Loan Type: Construction
• Lender: Mike Wadler & Adrian Rahimi - Bank Hapoalim (BHI)
• Developer: Eduardo Imery & Edgardo Defortuna - Fortune International Group & Blue Road
• Brokers: Scott Wadler, Bobby Dockerty, Michael Basinski & Mitch Sinberg - Berkadia
• Units: 254

The key individuals involved in the transaction include the developers Eduardo Imery and Edgardo Defortuna, representing Fortune International Group and Blue Road respectively. The brokerage team from Berkadia consists of Scott Wadler, Bobby Dockerty, Michael Basinski, and Mitch Sinberg, playing a crucial role in facilitating this deal.