Sageblan Investments Secures $18.25M Acquisition Loan For Parking Garage In Downtown Miami | 225 North East 1st Street | Glacier Global Partners | Michael Weinberg, Alec Fox, Scott Wadler | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

10,998 sqft

A parking garage/development site located at 225 North East 1st Street in Downtown Miami has been involved in a recent transaction. The property has been acquired through an acquisition loan.

Summary of the transaction details:

Property Type: Parking Garage/Development Site
Transaction Amount: $18,250,000

The lender for this transaction was Glacier Global Partners, while the borrower was Sageblan Investments. The deal was facilitated by brokers Michael Weinberg, Alec Fox, and Scott Wadler from Berkadia.

Players

All
5

Agents
3
Agencies
1
Lenders
1

$101M Sold

$396.7M Sold

Glacier Global Partners

Details

Deal Summary

FINANCED

IMAGE: Alec Fox, Scott Wadler & Michael Weinberg DATE: 11/02/2021 ADDRESS: 225 North East 1st Street MARKET: Downtown Miami ASSET TYPE: Parking Garage/Development Site LENDER: Glacier Global Partners BORROWER: Sageblan Investments BROKERS: Michael Weinberg, Alec Fox & Scott Wadler - Berkadia LOAN AMOUNT: $18,250,000 LOAN TYPE: Acquisition loan

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Address225 North East 1st Street

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