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Terra Group Secures $230M Senior & Mezzanine Loan For Mixed-use Development In Little Havana

3825 Northwest 7th Street
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This Mixed-use property located in FL received a loan of $230,000,000 over 1 year ago.

A mixed-use development located at 3825 Northwest 7th Street in Little Havana has been involved in a closed property transaction. The property, spanning 39 acres, is owned by Terra Group, represented by David Martin. The transaction was facilitated by broker Walker & Dunlop. The deal included a loan from Apollo Global Management and Mack Real Estate Credit Strategies.

Summary of transaction details:

  • Property Type: Mixed-use Development
  • Transaction Amount: $230,000,000
  • Loan Type: Senior & Mezzanine Loan

The lender in this transaction, providing a loan of $230,000,000, was Apollo Global Management and Mack Real Estate Credit Strategies. David Martin, representing Terra Group, acted as the landlord. The broker involved in the deal was Walker & Dunlop.

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Deals
  • Location
    3825 Northwest 7th Street, Miami, Florida 33126, United States3825 Northwest 7th Street, Miami, Florida 33126, United States
  • Loan Value
    $230,000,000$230,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Lenders2 Lenders

Mack Real Estate Group

Mack Real Estate Group

Lender
Deals17
Volume$ 725.3B

Apollo Global Capital

Apollo Global Capital

Lender
Deals10
Volume$ 292.6B

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Deal Summary

LOAN IMAGE: David Martin DATE: 08/12/2022 ADDRESS: 3825 Northwest 7th Street MARKET: Little Havana ASSET TYPE: Mixed-use Development ~ ACRES: 39 LENDER: Apollo Global Management & Mack Real Estate Credit Strategies LANDLORD: Terra Group - David Martin BROKER: Walker & Dunlop LOAN AMOUNT: $230,000,000 LOAN TYPE: Senior & Mezzanine Loan

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