Daniel Taylor - Onyx Funding Provides $3.15M Acquisition Loan For Development Site On N Venetian Dr., Miami Beach | 1055 North Venetian Drive | Daniel Taylor | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

6,000 sqft

Located at 1055 N Venetian Drive in Miami Beach, this development site is a prime asset in the real estate market. Spanning 6,000 square feet and boasting a buildable square footage of 7,500, this property offers immense potential for development.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $3,150,000
Loan Type: Acquisition
Loan Terms: Land acquisition bridge loan with a 70% loan-to-value ratio. Interest-only payments for 12 months.
Broker: Daniel Taylor - Onyx Funding

Handling the loan for this acquisition is Daniel Taylor from Onyx Funding. With extensive experience in the industry, Daniel's expertise ensures a smooth transaction process.

Players

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2

Agents
1
Agencies
1

Daniel Taylor

Real Estate Agent

Onyx Funding

Details

Deal Summary

FINANCED

IMAGE: Daniel Taylor DATE: 09/15/2021 ADDRESS: 1055 N Venetian Drive MARKET: Miami Beach ASSET TYPE: Development Site ~ SF: 6,000 ~ BSF: 7,500 BROKER: Daniel Taylor - Onyx Funding (@OnyxFunding) LOAN AMOUNT: $3,150,000 LOAN TYPE: Acquisition LOAN TERMS: Land acquisition bridge loan - 70% LTV. 12 months IO.

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Address1055 North Venetian Drive

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