Weda Developers Secures $12.5 Million Refinance Loan From Lake Michigan Credit Union In Coral Gables

The asset involved in this transaction is an office property located at 999 Ponce De Leon Boulevard in Coral Gables. The property spans a total area of 128,609 square feet and has been refinanced for a significant loan amount of $12,500,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,500,000
• Loan Type: Refinance
• Lender: Lake Michigan Credit Union
• Landlord: Weda Developers
• Landlord's Representative: Jason Hochman & Ron Granite - Cushman & Wakefield

This transaction is represented by key individuals Jason Hochman and Ron Granite, who are affiliated with Cushman & Wakefield and represent Weda Developers in this refinancing deal.