Square Mile Capital Management Provides $185M Refinancing Loan For Miami Multifamily Property

The Moinian Group, a real estate development firm, has refinanced their multifamily property located at 650 NE Second Ave in Miami. The property consists of 434 units in total. The refinancing loan was provided by Square Mile Capital Management for an amount of $185,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $185,000,000
• Address: 650 NE Second Ave
• Market: Miami
• Units: 434

Drew Fletcher from Greystone and Robert Kaplan from Cushman & Wakefield represented the parties involved in this deal. Drew Fletcher represented the Moinian Group, the landlord, while Robert Kaplan represented Square Mile Capital Management, the lender.