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Maxim Capital Group Provides $28.25M Loan For Miami Beach Development Site

1656-1680 Alton Road & 1677 West Ave, Miami Beach, FL
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This Development Site property located in FL received a loan of $28,250,000 about 2 years ago. The brokers of the deal were Aaron Appel and Michael Diaz

A loan of $28,250,000 was secured for the acquisition of a development site located at 1656-1680 Alton Road & 1677 West Ave in Miami Beach. The site spans a total square footage of 60,000 and is owned by SHVO, represented by Michael Shvo. The loan was provided by Maxim Capital Group, with Adam Glick serving as the lender's representative. The brokers involved in the transaction were Aaron Appel and Michael Diaz, who represented Walker & Dunlop.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $28,250,000
  • Address: 1656-1680 Alton Road & 1677 West Ave, Miami Beach
  • Market: Miami Beach
  • Asset Type: Development Site
  • Lot Square Footage: 60,000

Adam Glick, the representative for Maxim Capital Group, played a key role in securing the loan for the acquisition. Meanwhile, Michael Shvo served as the representative for SHVO, the landlord of the property. The deal was facilitated by brokers Aaron Appel and Michael Diaz, who represented Walker & Dunlop.

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Deals
  • Location
    1656-1680 Alton Road, Miami Beach, FL 33139, USA1656-1680 Alton Road, Miami Beach, FL 33139, USA
  • Loan Value
    $28,250,000$28,250,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Michael Diaz

Michael Diaz

Deals24
Financed$2.8B

Aaron Appel

Aaron Appel

Deals92
Financed$15.1B

Agency

Walker & Dunlop

Walker & Dunlop

Agency
Deals609
Volume$76.5B

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Deal Summary

LOAN IMAGE: Aaron Appel, Michael Shvo, Adam Glick & Michael Diaz DATE: 06/03/2022 ADDRESS: 1656-1680 Alton Road & 1677 West Ave MARKET: Miami Beach ASSET TYPE: Development Site ~ LOT SF: 60,000 LENDER: Maxim Capital Group (@MaximCapitalGroup) - Adam Glick (@AdamGlick_) LANDLORD: SHVO (@SHVO) - Michael Shvo (@MichaelShvo) BROKERS: Aaron Appel & Michael Diaz - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $28,250,000 LOAN TYPE: Acquisition

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1656-1680 Alton Road & 1677 West Ave, Miami Beach, FL

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