FINANCED
Newgard Development Group Refinances Mixed-Use Property In Brickell, Miami For $170M
99 Southwest 7th Street
Development Site
25,063 SF
25,063 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Development Site
25,063 sqft
The transaction involves a mixed-use property located at 99 SW 7th St in Brickell, Miami. The property spans approximately 595,000 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $170,000,000
- Loan Type: Refinance
The lender for this transaction is 3650 REIT represented by Jonathan Roth. The landlord is Newgard Development Group represented by Harvey Hernandez. The broker involved in the deal is Faisal Ashraf from Lotus Capital Partners.
The financing package for this transaction is unique as it combines structural features of both an acquisition and a construction loan.
Players
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2
Agents
1
Lenders
1
Details
FINANCED
IMAGE: Harvey Hernandez, Faisal Ashraf & Jonathan Roth
DATE: 06/27/2022
ADDRESS: 99 SW 7th St
MARKET: Brickell, Miami
ASSET TYPE: Mixed-use ~ SF: 595,000
LENDER: 3650 REIT - Jonathan Roth
LANDLORD: Newgard Development Group - Harvey Hernandez
BROKER: Faisal Ashraf - Lotus Capital Partners
LOAN AMOUNT: $170,000,000
LOAN TYPE: Refinance
LOAN TERMS: The financing package is unique in that it combines structural features of both an acquisition and a construction loan.View on map
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Address99 Southwest 7th Street
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