Hard Money Lenders Provides $10.9 Million Bridge Loan For Package Deal In Surfside And Sag Harbor

A package deal consisting of three properties located at 1380 Biscaya Drive, 787 Middle Line Hwy Path, and 772 Middle Line Hwy Path in the Surfside and Sag Harbor markets, totaling 18,000 square feet. The refinance transaction secured a loan amount of $10,900,000 through Hard Money Lenders, indicating the financial backing for experienced real estate development activities within these markets.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $10,900,000
• Loan Type: Refinance
• Loan Terms: Bridge Loan
• Lender: Hard Money Lenders
• Lender's Representative: Yuval Elkeslasi - Hard Money Lenders

The transaction showcases the capabilities of Hard Money Lenders, a boutique private money lending firm based in Aventura, Florida, with an active presence in Florida’s new construction and investment-related property market. Yuval Elkeslasi represents the lending entity in this deal, facilitating the financial arrangement for the developer involved.