Drake Real Estate Partners Refinances Miami Land For $19.5M

The land located at 17707 NW Miami Court in Miami, with a total of 12 acres, was recently involved in a refinancing deal.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $19,500,000
• Date: 11/01/2021
• Lender: Thorofare Capital
• Landlord: Drake Real Estate Partners; Relentless Capital - Evan Seiden
• Brokers: Dustin Stolly, Jordan Roeshlaub, Daniel Fromm, Danny Matz & Eden Abraham - Newmark
• Loan Type: Refinancing
• Loan Terms: Floating-rate loan

The refinancing deal for the land was facilitated by Thorofare Capital, with Dustin Stolly, Jordan Roeshlaub, Daniel Fromm, Danny Matz, and Eden Abraham of Newmark representing the various parties involved in the transaction. The loan amount granted was $19,500,000, and the terms of the loan are floating-rate.