Cornerstone Capital Secures $2.1M Loan For Two Retail Units In Brickell, Miami

Apollo Bank provided a $2,100,000 loan for the acquisition of two retail units located at 169 SW 7th Street - Neo Vertika in Brickell, Miami. The loan has a 25-year term, a 3.5% interest rate, and a 25-year amortization schedule.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,100,000
• Loan Terms: 25 Year Term, 3.5% Rate, 25 Year Amortization
• Lender: Apollo Bank
• Landlord: Frank Silberman
• Brokers: Russell Nova & Alexander Nemirovskiy -

Cornerstone Capital was able to facilitate a high leverage loan for the retail units in Brickell. The sponsors worked closely with Russell Nova to ensure a seamless process and secure the most aggressive interest rate in the market. Brickell is a competitive market often referred to as the "Manhattan of the South." To secure the contract, a significant amount of money had to be committed at signing. Cornerstone Capital's strong relationships with clients and lenders instill confidence in property purchasers, knowing that their financing needs are being arranged by the company.

The loan terms for this transaction are as follows: 25-year fixed term, 3.5% interest rate, and a 25-year amortization schedule. Key individuals involved in the deal include Russell Nova (contact: 917-559-1820, email: [email protected]) and Alexander Nemirovskiy (contact: 347-751-5232, email: [email protected]). Cornerstone Capital's offices are located at 1110 Brickell Ave, UNIT 509, Miami, FL 33131.