Gabi Moshayev Aidan Birnbaum & Aaron Krawitz Of Bravo Property Trust Provide $170M Bridge Loan For Multifamily Asset In Miami
496 Northeast 29th Street
$170,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 13, 2025
AI
The property asset involved is a multifamily building located at 496 Northeast 29th Street in Edgewater, Miami. This asset comprises 134 units and is associated with a loan of $170,000,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $170,000,000
- Asset Address: 496 Northeast 29th Street
- Market: Edgewater, Miami
- Lender: Gabi Moshayev, Aidan Birnbaum & Aaron Krawitz - Bravo Property Trust
- Landlord: Joseph Stern & Roni Benjamini - SBD | OAK; Adam Westreich - Hazelton Capital
- Broker: Lillian Fried
- Loan Type: Bridge
The transaction involved key individuals such as Gabi Moshayev, Aidan Birnbaum, and Aaron Krawitz, who served as lenders through Bravo Property Trust. The landlords in this transaction included Joseph Stern, Roni Benjamini from SBD | OAK, and Adam Westreich from Hazelton Capital. The broker representing the deal was Lillian Fried.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93