Northeast Bank Provides $4.5M Loan For Assisted Living Conversion To Hotel In Miami Beach
ShareContact
This Hotel property located in FL received a loan of $4,500,000 about 3 years ago. The brokers of the deal were Adam Hakim, Andrew Iadeluca, and James Murad
View Related
- Location550 9th Street, Miami Beach, FL, USA
- Loan Value$4,500,000
- Asset TypeHotel
- Parties3 Brokers, 1 Agency, 1 Lender
Agents
Agency
Social
Deal Summary
LOAN
IMAGE: Adam Hakim, James Murad, & Andrew Iadeluca
DATE: 02/03/2021
ADDRESS: 550 9th Street
MARKET: Miami Beach
ASSET TYPE: Assisted Living to be converted to Hotel
LENDER: Northeast Bank
LANDLORD: Simon Nemni
BROKERS: Adam Hakim, James Murad, & Andrew Iadeluca
LOAN AMOUNT: $4,500,000
LOAN TERMS: 6-story 52,0000 SF building with approvals to convert to a 113-key boutique hotel
Comparables
Contact
550 9th Street
Social
Comparables
Contact
Share
Login to Suggest Edits