Freddie Mac Provides $99M Loan For Melo Group's Multifamily Property In Miami | 1500 Northeast Miami Place | Freddie Mac | Peter Mekras | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

1,030 sqft

Located at 1500 Northeast Miami Place in Miami, this multifamily property has recently undergone a closed transaction. The deal was finalized on April 29, 2021, involving a loan from Freddie Mac.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $99,000,000
Address: 1500 Northeast Miami Place
Market: Miami
Loan Terms: 10-year, interest-only loan
Units: 425

The property is owned by the Melo Group, represented by Dr. Jose Luis Ferreira de Melo, Carlos Ferreira de Melo, and Martin Ferreira de Melo. The loan broker involved in this transaction is Peter Mekras from Aztec Group.

Players

All
3

Agents
1
Agencies
1
Lenders
1

$15.4M Sold

Details

Deal Summary

FINANCED

IMAGE: Peter Mekras, Carlos Ferreira de Melo, Dr. Jose Luis Ferreira de Melo & Martin Ferreira de Melo DATE: 04/29/2021 ADDRESS: 1500 Northeast Miami Place MARKET: Miami ASSET TYPE: Multifamily LENDER: Freddie Mac LANDLORD: Melo Group - Dr. Jose Luis Ferreira de Melo, Carlos Ferreira de Melo & Martin Ferreira de Melo BROKER: Peter Mekras - Aztec Group LOAN AMOUNT: $99,000,000 LOAN TERMS: 10-year, interest-only loan UNITS: 425

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Address1500 Northeast Miami Place

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