Valley Bank Provides $35.6M Construction Loan For Retail Property In Miami

The retail property located at 13001 SW 112th St in Miami was involved in a closed transaction. The property spans an area of 107,000 square feet and is owned by CF Properties, represented by Spencer Friedman. The deal was facilitated by brokers Charles Penan, Howard Taft, and Joel Zusman from Aztec Group.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $35,581,000
• Address: 13001 SW 112th St
• Market: Miami
• Landlord: CF Properties - Spencer Friedman
• Lender: Valley Bank - Kevin Miliffe
• Loan Type: Construction Loan
• Loan Terms: 3-year term, interest-only, floating rate

The loan for the transaction was provided by Valley Bank, with Kevin Miliffe serving as the lender. The loan amount was $35,581,000, and it was a construction loan with a 3-year term, interest-only payments, and a floating rate. The landlord, CF Properties, was represented by Spencer Friedman. The deal was facilitated by brokers Charles Penan, Howard Taft, and Joel Zusman from Aztec Group.