Kevin Waissmann Of Tango Property Management Secures $23.5M Refinance Loan From UBS For Retail Condos

The asset involved in this transaction is a retail property located at 8 Southeast 8th Street in Miami, encompassing a total of 22,190 square feet. The refinancing transaction was valued at $23,500,000, providing fresh debt on two retail condos in the SLS Brickell area, which includes the space for the celebrity-backed Gekko restaurant featuring Bad Bunny and David Grutman.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,500,000
• Loan Type: Refinance
• Lender: UBS
• Landlord: Kevin Waissmann - Tango Property Management
• Previous Owner: Robert Rivani’s Black Lion
• Previous Sale Price: $38,300,000

This refinancing was orchestrated primarily for high-profile retail spaces tied to well-known restaurants in Brickell, showcasing the involvement of significant names in the hospitality sector. Kevin Waissmann, representing Tango Property Management, plays a crucial role in managing the properties. The refinancing aligns with the strategic interests of both the landlord and the lender in continuing to support the operational integrity of the celebrity-backed establishments.