Natixis Provides $21.1M Loan For Miami Beach Store

A store located at 509 Collins Avenue in Miami Beach was involved in a closed transaction. The deal, which took place on 08/03/2019, included a loan from natixis''>Natixis in the amount of $21,100,000. This fixed-rate loan has a term of 10 years. The store has a total square footage of 22,875 and is owned by Allied Partners, represented by Eric Hadar. Michael Magner represented Natixis as the lender. Richard Horowitz from Cooper-Horowitz acted as the broker in this transaction.

Summary of transaction details:

• Property Type: Store
• Transaction Amount: $21,100,000
• Date: 08/03/2019
• Address: 509 Collins Avenue
• Market: Miami Beach
• Lender: Natixis (Michael Magner)
• Landlord: Allied Partners (Eric Hadar)
• Broker: Richard Horowitz - Cooper-Horowitz
• Square Footage: 22,875

Natixis, represented by Michael Magner, provided a loan for the store located at 509 Collins Avenue. The loan has a fixed rate and a term of 10 years. Allied Partners, with Eric Hadar as the landlord, owns the property. Richard Horowitz from Cooper-Horowitz acted as the broker in this transaction.