The property involved in the transaction is located at 18200 Southwest 108th Avenue in Miami, featuring a multifamily asset comprising 73 units and totaling 64,923 square feet. The loan amount secured for this asset is $10,955,000 for construction purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,955,000
- Address: 18200 Southwest 108th Avenue
- Market: Miami
- Units: 73
- Square Footage: 64,923
- Lender: Mike Curbelo – US Century Bank
- Borrower: Rudy Corujo
- Landlord’s Representative: Deme Mekras – MSP Group
- Loan Type: Construction
MSP Group LLC facilitated the arrangement of the construction loan on behalf of Rudy Corujo of Allied Companies LLC. The firm acknowledges the support of Mike Curbelo and his team at US Century Bank for the successful closing of this loan. The development, Eureka Estates, has reached significant progress with the completion of the first of three buildings, aimed at providing workforce housing for Miami families.
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