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Cerberus Capital Management Provides $72.8M Construction Loan For Miami Development Site

2804, 2810, 2819, 2828 & 2838 Northwest First Avenue
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This Development Site property located in FL received a loan of $72,800,000 over 2 years ago. The brokers of the deal were Daniel (Danny) Matz, Donald (Don) Pavlov, Christopher (Chris) Kramer, Dominick Calisto, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub

A development site in Miami located at 2804, 2810, 2819, 2828 & 2838 Northwest First Avenue has secured a construction loan worth $72,800,000. The property spans across 1.3 acres and is owned by the Related Group, represented by Jon Paul Pérez and Metro 1. The loan was provided by Cerberus Capital Management.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $72,800,000
  • Address: 2804, 2810, 2819, 2828 & 2838 Northwest First Avenue, Miami
  • Market: Miami
  • Lender: Cerberus Capital Management
  • Landlord: Related Group - Jon Paul Pérez; Metro 1

The deal was facilitated by brokers Dustin Stolly, Jordan Roeschlaub, Daniel Matz, Chris Kramer, Nick Scribani, Donald Pavlov, and Dominick Calisto from Newmark.

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Deals
  • Location
    2804 Northwest 1st Avenue, Miami, FL, USA2804 Northwest 1st Avenue, Miami, FL, USA
  • Loan Value
    $72,800,000$72,800,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    7 Brokers, 2 Agencies, 1 Lender7 Brokers, 2 Agencies, 1 Lender

Agents

Daniel (Danny) Matz

Daniel (Danny) Matz

Deals24
Financed$2.8B

Donald (Don) Pavlov

Donald (Don) Pavlov

Deals8
Financed$267.2M

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Dominick Calisto

Dominick Calisto

Deals4
Financed$564.6M

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Nick Scribani

Nick Scribani

Deals98
Financed$14.6B

Agencies

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

Lev

Lev

Agency
Deals111
Volume$1.3B

Cerberus Capital Management

Cerberus Capital Management

Lender
Deals8
Volume$ 137.4B

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Deal Summary

LOAN IMAGE: Daniel Matz, Nick Scribani, Stephen A. Feinberg, Jon Paul Pérez, Dustin Stolly & Jordan Roeschlaub DATE: 07/02/2021 ADDRESS: 2804, 2810, 2819, 2828 & 2838 Northwest First Avenue MARKET: Miami ASSET TYPE: Development Site LENDER: Cerberus Capital Management LANDLORD: Related Group - Jon Paul Pérez; Metro 1 BROKERS: Dustin Stolly, Jordan Roeschlaub, Daniel Matz, Chris Kramer, Nick Scribani, Donald Pavlov & Dominick Calisto - Newmark LOAN AMOUNT: $72,800,000 LOAN TYPE: Construction ACRES: 1.3

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2804, 2810, 2819, 2828 & 2838 Northwest First Avenue

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