PAMPA SUNBELT 19 LLC Secures $11.52M Construction Loan From Andres Saias For Surfside Multifamily Project

The property involved in this transaction is an 8-unit multifamily asset located at 8851 Harding Avenue in Surfside, Florida. The total square footage of the asset is 22,268, and it has been financed with a construction loan amounting to $11,520,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,520,000
• Loan Type: Construction
• Loan Terms: 24 Months
• Lender: Andres Saias - RBI Private Lending
• Landlord: PAMPA SUNBELT 19 LLC

This transaction features key individuals including the lender Andres Saias representing RBI Private Lending, who facilitated the funding for this project targeted at a foreign national borrower. In March, RBI achieved a funding milestone of over $100 million, underlining their commitment to supporting financing requirements for similar projects throughout Florida.