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City National Bank Provides $16.5M Loan For Acquisition On 11731 Mills Dr In Miami

11731 Mills Drive
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This Office property located in FL received a loan of $16,500,000 almost 2 years ago. The brokers of the deal were Matthew (Matt) Nihan and Scott Wadler

Located at 11731 Mills Dr in Miami, this office property spans a total of 63,206 square feet. The transaction took place on 04/08/2022, with Beacon Real Estate Group serving as the landlord and City National Bank providing a loan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $16,500,000
  • Loan Type: Acquisition
  • Lender: City National Bank
  • Landlord: Beacon Real Estate Group
  • Brokers: Scott Wadler, Matt Nihan, and Mike Basinski - Berkadia

The loan, provided by City National Bank, amounted to $16,500,000 for the acquisition of this office property. Represented by Scott Wadler, Matt Nihan, and Mike Basinski of Berkadia, the deal showcases the collaboration between the buyers and sellers in this transaction.

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Deals
  • Location
    11731 Mills Drive, Miami, Florida 33183, United States11731 Mills Drive, Miami, Florida 33183, United States
  • Loan Value
    $16,500,000$16,500,000
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Matthew (Matt) Nihan

Matthew (Matt) Nihan

Deals13
Financed$375.2M

Scott Wadler

Scott Wadler

Deals66
Financed$2.6B

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

City National Bank

City National Bank

Lender
Deals26
Volume$ 255.9B

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Deal Summary

LOAN IMAGE: Mike Basinski, Scott Wadler & Matt Nihan DATE: 04/08/2022 ADDRESS: 11731 Mills Dr MARKET: Miami ASSET TYPE: Office ~ SF: 63,206 LENDER: City National Bank (@CityNationalBank) LANDLORD: Beacon Real Estate Group BROKERS: Scott Wadler (@Swadler1), Matt Nihan & Mike Basinski(@MichaelThomasBasinski) - Berkadia(@Berkadia) LOAN AMOUNT: $16,500,000 LOAN TYPE: Acquisition

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11731 Mills Drive

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