ACRES Capital Provides $36.95 Million Refinance Loan For Retail Property In Miami

The property asset involved in the transaction is located at 2800 Northwest 2nd Avenue in Miami, featuring a retail space that encompasses 60,000 square feet. The transaction consists of a loan amounting to $36,950,000 provided for refinancing purposes.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $36,950,000
• Lender: ACRES Capital
• Landlord: Joseph J. Sitt & Daniel Amodio - Thor Equities
• Brokers: Robert Verrone, Anthony D'amelio & Tal Savariego - Iron Hound Management Company
• Date: 10/31/2024

This transaction features key individuals such as Joseph J. Sitt and Daniel Amodio, representing Thor Equities as the landlords. The brokers involved in the deal include Robert Verrone, Anthony D'amelio, and Tal Savariego, who are affiliated with Iron Hound Management Company.