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Neology Life Development Group Secures $57.5M Construction Loan For Miami Multifamily

1470 Northwest 36th Street
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This MultiFamily property located in FL received a loan of $57,500,000 over 1 year ago. The brokers of the deal were Charles Foschini, Christopher (Chris) Apone, and Shannon Wilson

The multifamily property located at 1470 NW 36th Street in Miami has been involved in a recent closed transaction. The property consists of 237 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $57,500,000.00
  • Address: 1470 NW 36th Street
  • Market: Miami
  • Units: 237

Churchill Real Estate, represented by Sean Robertson and Jeff Rosenfeld, provided a construction loan for this transaction. The loan is worth $57,500,000.00 and has a term of 24 months with two extension options. The landlord in this deal is Neology Life Development Group, represented by Lissette Calderon. The brokers involved in the transaction are Charles Foschini, Christopher Apone, and Shannon Wilson from Berkadia.

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Deals
  • Location
    1470 Northwest 36th Street, Miami, Florida 33142, United States1470 Northwest 36th Street, Miami, Florida 33142, United States
  • Loan Value
    $57,500,000$57,500,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Christopher (Chris) Apone

Christopher (Chris) Apone

Deals35
Financed$1.8B

Charles Foschini

Charles Foschini

Deals42
Financed$2.3B

Shannon Wilson

Shannon Wilson

Deals6
Financed$265.3M

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

Churchill Real Estate

Churchill Real Estate

Lender
Deals16
Volume$ 25.8B

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Deal Summary

LOAN IMAGE: Sean Robertson, Shannon Wilson, Charles Foschini, Lissette Calderon, Christopher Apone & Jeff Rosenfeld DATE: 08/26/2022 ADDRESS: 1470 NW 36th Street MARKET: Miami ASSET TYPE: Multifamily ~ UNITS: 237 LENDER: Churchill Real Estate - Sean Robertson & Jeff Rosenfeld LANDLORD: Neology Life Development Group (@NeologyLife) - Lissette Calderon (@LissetteCalderonOfficial) BROKERS: Charles Foschini (@Gladesman1), Christopher Apone & Shannon Wilson - Berkadia (@Berkadia) LOAN AMOUNT: $57,500,000.00 LOAN TYPE: Construction LOAN TERMS: 24-month loan with two extension options

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1470 Northwest 36th Street

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