JDS Development Group Acquires Development Site In Miami For $43M Loan | 1133 Southwest 2nd Avenue & 191 Southwest 12th Street | Atalaya Capital | Ian Hawk, Sean Bastian, Michael Ianno, Michael Diaz, Keith Kurland, Aaron Appel, Jonathan Schwartz | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

200,000 sqft

Atalaya Capital has provided a loan of $43,000,000 for a development site in Miami. The property is located at 1133 SW 2nd Avenue & 191 SW 12th Street. The loan terms are fixed-rate and interest-only.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $43,000,000
Lender: Atalaya Capital
Landlord: JDS Development Group - Michael Stern
Brokers: Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Diaz, Michael Ianno, Sean Bastian & Ian Hawk - Walker & Dunlop

The deal was facilitated by brokers Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Diaz, Michael Ianno, Sean Bastian, and Ian Hawk from Walker & Dunlop. They played a key role in connecting the borrower and the lender for this loan transaction.

Players

All
9

Agents
7
Agencies
1
Lenders
1

$17.8M Sold

$8.7M Sold

$103.1M Sold

Senior Managing Director

$226.7M Sold

Aaron Appel

Senior Managing Director

$266M Sold

$230M Sold

Details

Deal Summary

FINANCED

IMAGE: Keith Kurland, Michael Ianno, Michael Stern, & Aaron Appel DATE: 01/26/2021 ADDRESS: 1133 SW 2nd Avenue & 191 SW 12th Street MARKET: Miami ASSET TYPE: Development Site LENDER: Atalaya Capital LANDLORD: JDS Development Group - Michael Stern BROKERS: Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Diaz, Michael Ianno, Sean Bastian & Ian Hawk - Walker & Dunlop LOAN AMOUNT: $43,000,000 LOAN TERMS: Fixed-rate, interest-only

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Address1133 Southwest 2nd Avenue & 191 Southwest 12th Street

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