Thor Equities Secures $33.5M Bridge Loan For Retail Property In Wynwood, Miami

2800 Northwest 2nd Avenue, Wynwood, Miami, FL, USA

$33,475,000

$539/SF

Building Size

62,000 SF

Asset Type

Retail

Closing

Sep 27, 2021

AI

Located at 2800 NW 2nd Avenue in Wynwood, Miami, the retail property spans approximately 62,000 square feet.

Summary of transaction details

Property Type: Retail
Transaction Amount: $33,475,000
Lender: Ladder Capital - Marc Waldman, Matthew Baron & Matthew Fogel
Landlord: Thor Equities - Joe Sitt & Jason Shein
Brokers: Robert Verrone, Anthony D'Amelio & Frank Meli - Iron Hound Management

The loan for the property was provided by Ladder Capital, with Marc Waldman, Matthew Baron, and Matthew Fogel representing the lender. Thor Equities, led by Joe Sitt and Jason Shein, serves as the landlord for the transaction. The deal was brokered by Iron Hound Management, with Robert Verrone, Anthony D'Amelio, and Frank Meli representing the brokerage. The loan, totaling $33,475,000, was of the bridge type.

Players