The asset involved in this transaction is a single-family home located in Miramar Beach, Florida. The property is part of a refinancing activity for a ground-up construction project, seeking to pay off an existing loan while financing construction simultaneously.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $3,500,000
• Loan Type: Refinance
• Loan Terms: 12 Month Ground Up Construction Loan
• Lender: David Meytin & Arthur Serebrinskiy - Flatiron Realty Capital
• Market: Miramar Beach

David Meytin and Arthur Serebrinskiy from Flatiron Realty Capital provided a custom tailored solution for the development team, emphasizing their capability to fund construction projects nationwide, particularly when timing is critical. They highlighted their existing $500 million commitment to the South Florida market in facilitating this transaction.