$33,750,000 – Metro 1025, Non-Recourse Construction Loan, Hialeah, Florida

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$33,750,000 – Ground-Up Construction Loan

75% LTC

2 Years of Interest Only with 12 month extension

Non-Recourse

Debt Fund Execution

DETAILS:

Development will include 151 rental units with 12,000 SF of retail space. This property is situated near two rail transit stations on the south side of Hialeah. This Transit Oriented Development will provide access to most areas of South Florida from within 2 blocks of the property. Sponsor sought a high leverage execution without a personal guarantee, which Banyan Commercial Capital was able to secure. 

Ross Nimhauser – rn@banyancc.com

Michael Brown – mb@banyancc.com