Freddie Mac Provides $99M Loan For Melo Group's Multifamily Property In Miami

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.