Cerberus Capital Management Provides $72.8M Construction Loan For Miami Development Site | 2804, 2810, 2819, 2828 & 2838 Northwest First Avenue | Cerberus Capital Management | Daniel (Danny) Matz, Donald (Don) Pavlov, Dustin Stolly, Christopher (Chris) Kramer, Dominick Calisto, Jordan (Jordy) Roeschlaub, Nick Scribani | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

375,383 sqft

A development site in Miami located at 2804, 2810, 2819, 2828 & 2838 Northwest First Avenue has secured a construction loan worth $72,800,000. The property spans across 1.3 acres and is owned by the Related Group, represented by Jon Paul Pérez and Metro 1. The loan was provided by Cerberus Capital Management.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $72,800,000
Address: 2804, 2810, 2819, 2828 & 2838 Northwest First Avenue, Miami
Market: Miami
Lender: Cerberus Capital Management
Landlord: Related Group - Jon Paul Pérez; Metro 1

The deal was facilitated by brokers Dustin Stolly, Jordan Roeschlaub, Daniel Matz, Chris Kramer, Nick Scribani, Donald Pavlov, and Dominick Calisto from Newmark.

Players

All
10

Agents
7
Agencies
2
Lenders
1

Details

Deal Summary

FINANCED

IMAGE: Daniel Matz, Nick Scribani, Stephen A. Feinberg, Jon Paul Pérez, Dustin Stolly & Jordan Roeschlaub DATE: 07/02/2021 ADDRESS: 2804, 2810, 2819, 2828 & 2838 Northwest First Avenue MARKET: Miami ASSET TYPE: Development Site LENDER: Cerberus Capital Management LANDLORD: Related Group - Jon Paul Pérez; Metro 1 BROKERS: Dustin Stolly, Jordan Roeschlaub, Daniel Matz, Chris Kramer, Nick Scribani, Donald Pavlov & Dominick Calisto - Newmark LOAN AMOUNT: $72,800,000 LOAN TYPE: Construction ACRES: 1.3

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Address2804, 2810, 2819, 2828 & 2838 Northwest First Avenue

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