Meridian Capital Group Arranges $21.5 Million Construction Financing For Self Storage Development In Miami

A construction loan of $21,500,000 has been arranged for a planned self-storage asset with a total size of 137,300 square feet in Little River, Miami. The project is fully approved and represents one of the last entitled self-storage development sites available in the area.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $21,500,000
• Loan Type: Construction
• Lender: Catal Capital
• Brokers: Naphtali Marrus, Benjamin Nevid & James Darling - Meridian Capital Group

Meridian Capital Group played a crucial role in facilitating this transaction, where Naphtali Marrus serves as the Managing Director, and Benjamin Nevid is the Senior Managing Director. For detailed inquiries regarding this transaction, their contact information is provided, including cell numbers and email addresses for both brokers.