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PNC Bank Provides $60M Construction Loan For Multifamily Property In Miami

10650 West Old Cutler Road
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This MultiFamily property located in FL received a loan of $60,000,000 over 1 year ago.

The property involved in this transaction is a multifamily building located at 10650 W Old Cutler Road in Miami. The building consists of 390 units and is owned by Resia, represented by Ernesto Lopes. The transaction took place on July 18, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $60,000,000
  • Address: 10650 W Old Cutler Road, Miami
  • Market: Miami
  • Units: 390

The lender for this transaction was PNC Bank, providing a construction loan. Ernesto Lopes, representing Resia, played a key role as the landlord in the deal.

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Deals
  • Location
    10650 Old Cutler Road, Miami, Florida 33189, United States10650 Old Cutler Road, Miami, Florida 33189, United States
  • Loan Value
    $60,000,000$60,000,000
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

LOAN IMAGE: Ernesto Lopes DATE: 07/18/2022 ADDRESS: 10650 W Old Cutler Road MARKET: Miami ASSET TYPE: Multifamily ~ UNITS: 390 LENDER: PNC Bank (@PNCBank) LANDLORD: Resia - Ernesto Lopes LOAN AMOUNT: $60,000,000 LOAN TYPE: Construction Loan

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