Casey Cummings Of Ram Realty Advisors Secures $15M Loan From Seacoast National Bank For Retail Center

The retail center, part of the Botanica mixed-use project, is situated on a 5.4-acre site located at 15201 Southwest 127th Avenue in Miami. The property has secured 10-year leases from two prominent tenants, HomeGoods occupying 25,000 square feet and Marshalls taking 24,500 square feet. This transaction involves a construction loan amounting to $15,000,000, provided by Seacoast National Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,000,000
• Location: 15201 Southwest 127th Avenue, Miami
• Asset Size: 5.4 acres
• Lender: Seacoast National Bank
• Landlord: Casey Cummings - Ram Realty Advisors
• Leases: HomeGoods (25,000 SF), Marshalls (24,500 SF)
• Notes: The site was purchased from the University of Miami.

The landlord, Casey Cummings, represents Ram Realty Advisors in this transaction. The firm's collaboration with Seacoast National Bank highlights their engagement in facilitating financing for the development of the retail center as part of the larger mixed-use initiative near Zoo Miami.