Leviathan Development Group Secures $4.15 Million Refinance Loan For Retail Property In Miami

The asset involved in this transaction is a retail property located at 4300 Northwest 2nd Avenue in Miami. It spans a total of 5,600 square feet and has been subject to a loan transaction of $4,150,000, which is classified as a refinance. The property is situated in a prominent retail area recognized as one of the most sought-after neighborhoods in South Florida, specifically the Miami Design District.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,150,000
• Lender: Edwin Gelman - Hirshmark Capital
• Landlord: Leviathan Development Group
• Broker: Emile Schachter - WD Capital Group
• Loan Type: Refinance

Key individuals involved in the deal include Edwin Gelman, who represents Hirshmark Capital as the lender. Emile Schachter acted as the broker from WD Capital Group, which arranged and structured the credit facility for the sponsor. WD Capital Group has been involved in over $450,000,000 in equity and debt transactions since its inception, actively structuring equity and credit facilities in the Florida Tri-County region.