MG Developer Secures $16M Equity Financing For Coral Gables Multifamily

In a recent transaction in Coral Gables, a multifamily property located at 760 Valencia Avenue and 735 Almeria Avenue was involved. The equity financing for this property amounted to $16,000,000. The lender in this deal was a New York-based family office, while the landlord was MG Developer, represented by @MGDeveloper on Instagram. Colliers International brokers Jeffrey Donnelly and Dmitry Levkov played a crucial role in facilitating this transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,000,000
• Lender: New York-based family office
• Landlord: MG Developer - @MGDeveloper
• Brokers: Jeffrey Donnelly & Dmitry Levkov - Colliers International

The successful financing of this multifamily property in Coral Gables showcases the collaborative efforts of the New York-based family office, MG Developer, and the brokers from Colliers International. This transaction highlights the value and potential of the property market in Coral Gables.