Bank OZK Provides $80.9M Construction Loan For Downtown Miami Multifamily By Aria Development | 501 Northeast 1st Avenue | Bank OZK | Michael (Thomas) Basinski, Matthew (Matt) Nihan, Scott Wadler | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

The property involved in this transaction is a multifamily asset located at 501 NE 1st Avenue in Downtown Miami. The property comprises 448 units.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $80,924,000
Address: 501 NE 1st Avenue, Downtown Miami
Market: Downtown Miami
Lender: Bank OZK
Landlord: David Arditi & Marco Ziff - Aria Development

The loan for this transaction was provided by Bank OZK. The landlords involved in the deal are David Arditi and Marco Ziff, representing Aria Development. The brokers involved in the transaction are Scott Wadler, Matthew Nihan, and Michael Basinski, who represent Berkadia.

Players

All
5

Agents
3
Agencies
1
Lenders
1

Michael (Thomas) Basinski

$396.7M Sold

Details

Deal Summary

FINANCED

IMAGE: Michael Basinski, David Arditi, Scott Wadler, Marco Ziff & Matthew Nihan DATE: 11/15/2022 ADDRESS: 501 NE 1st Avenue MARKET: Downtown Miami ASSET TYPE: Multifamily ~ UNITS: 448 LENDER: Bank OZK LANDLORD: David Arditi & Marco Ziff - Aria Development BROKERS: Scott Wadler, Matthew Nihan & Michael Basinski - Berkadia LOAN AMOUNT: $80,924,000 LOAN TYPE: Construction

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Address501 Northeast 1st Avenue

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