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Popular Bank Refinances $2.5M Multifamily Property In Miami With Propolis As Landlord

121 NW 7th Avenue
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This MultiFamily property located in FL received a loan of $2,502,500 almost 3 years ago. The broker of the deal was Eric Gleitman

Propolis, represented by Misha Gurevich, completed a refinancing transaction for a multifamily property located at 121 NW 7th Ave in Miami. The loan, provided by Popular Bank and Orlando Oliva, amounted to $2,502,500. The deal was brokered by Eric Gleitman from Mercury Capital Markets.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,502,500
  • Lender: Popular Bank - Orlando Oliva (@_Orly_)
  • Landlord: Propolis - Misha Gurevich
  • Broker: Eric Gleitman - Mercury Capital Markets (@MercuryCapitalMarkets)

With the assistance of Eric Gleitman, Misha Gurevich secured a refinancing deal for the multifamily property at 121 NW 7th Ave in Miami. The loan was provided by Popular Bank, with Orlando Oliva representing the lender. The transaction, totaling $2,502,500, allowed Propolis to optimize their financial arrangements for the property.

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Deals
  • Location
    121 Northwest 7th Avenue, Miami, FL, USA121 Northwest 7th Avenue, Miami, FL, USA
  • Loan Value
    $2,502,500$2,502,500
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Eric Gleitman

Eric Gleitman

Deals28
Financed$122.8M

Agency

Mercury Capital Markets

Mercury Capital Markets

Agency
Deals29
Volume$134.3M

Popular Bank

Popular Bank

Lender
Deals26
Volume$ 5B

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Deal Summary

LOAN IMAGE: Misha Gurevich, Eric Gleitman & Orlando Oliva DATE: 04/28/2021 ADDRESS: 121 NW 7th Ave MARKET: Miami ASSET TYPE: Multifamily LOAN TYPE: Refinance LENDER: Popular Bank - Orlando Oliva @_Orly_ LANDLORD: Propolis - Misha Gurevich BROKER: Eric Gleitman - Mercury Capital Markets @MercuryCapitalMarkets LOAN AMOUNT: $2,502,500

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