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First National Bank Refinances Mixed-Use Property On Española Way In Miami Beach For $15M

401 Española Way
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This Mixed-use property located in FL received a loan of $15,000,000 over 1 year ago. The brokers of the deal were Scott Wadler, Matthew (Matt) Nihan, and Michael (Thomas) Basinski

First National Bank - South Miami has provided a $15,000,000 loan to refinance the mixed-use property located at 401 Española Way in Miami Beach. The loan terms are set for 10 years with a fixed rate.

Summary of transaction details

Espanola Way, an iconic lifestyle retail strip, is situated at the heart of Espanola Way, a charming tree-lined pedestrian-only street in South Beach, Miami. The area is known for its Spanish French style architecture and offers an abundance of walkable attractions.

The team involved in this transaction includes Scott Wadler, Matt Nihan, and Mike Basinski from Berkadia, who represented the parties in the deal.

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Deals
  • Location
    401 Española Way401 Española Way
  • Loan Value
    $15,000,000$15,000,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Michael (Thomas) Basinski

Michael (Thomas) Basinski

Deals13
Financed$641.1M

Matthew (Matt) Nihan

Matthew (Matt) Nihan

Deals13
Financed$375.2M

Scott Wadler

Scott Wadler

Deals66
Financed$2.6B

Agency

Berkadia

Berkadia

Agency
Deals1097
Volume$45.7B

First National Bank

First National Bank

Lender
Deals4
Volume$ 4.5B

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Deal Summary

LOAN IMAGE: Mike Basinski, Scott Wadler & Matt Nihan DATE: 07/28/2022 ADDRESS: 401 Española Way MARKET: Miami Beach ASSET TYPE: Mixed-use LENDER: First National Bank - South Miami LANDLORD: Scott Robins Companies BROKER: Scott Wadler, Matt Nihan & Mike Basinski - Berkadia LOAN AMOUNT: $15,000,000 LOAN TYPE: Refinance LOAN TERMS: 10 years, fixed rate NOTE FROM BROKERS: Espanola Way is an iconic lifestyle retail strip located at the heart of Espanola Way, a tree-lined pedestrian-only street in South Beach, Miami known for its charming Spanish French style architecture and an abundance of walkable attractions.

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401 Española Way

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