Bank OZK Provides $80.9M Construction Loan For Downtown Miami Multifamily By Aria Development
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This MultiFamily property located in FL received a loan of $80,924,000 over 1 year ago. The brokers of the deal were Scott Wadler, Matthew (Matt) Nihan, and Michael (Thomas) Basinski
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- Location501 Northeast 1st Avenue
- Loan Value$80,924,000
- Asset TypeMultiFamily
- Parties3 Brokers, 1 Agency, 1 Lender
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Deal Summary
LOAN
IMAGE: Michael Basinski, David Arditi, Scott Wadler, Marco Ziff & Matthew Nihan
DATE: 11/15/2022
ADDRESS: 501 NE 1st Avenue
MARKET: Downtown Miami
ASSET TYPE: Multifamily ~ UNITS: 448
LENDER: Bank OZK
LANDLORD: David Arditi & Marco Ziff - Aria Development
BROKERS: Scott Wadler, Matthew Nihan & Michael Basinski - Berkadia
LOAN AMOUNT: $80,924,000
LOAN TYPE: Construction
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501 Northeast 1st Avenue
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