Stormfield Capital Provides $3M Loan For Miami Beach Multifamily Acquisition

A multifamily property located at 7291 Gary Avenue in Miami Beach has been involved in a recent transaction. The property consists of 18 units with a total square footage of 15,340. The transaction took place on 10/13/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Address: 7291 Gary Avenue
• Market: Miami Beach
• Units: 18
• Total Square Footage: 15,340

The loan for the acquisition of the property was provided by Stormfield Capital. The loan amount was $3,000,000. Lee Cohen and Arash Gohari are the landlords involved in the transaction. Max Ralby from HKS Real Estate Advisors acted as the broker for the deal.