Aztec Group Arranges $22.3 Million In Debt Financing For Melo Group Project In Miami
The project consists of 156 rental apartments located in Miami’s Health District.
The project consists of 156 rental apartments located in Miami’s Health District.
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.
Aztec Group’s Peter Mekras arranged the financing.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
The subject property features two 5-story office buildings on 5.78-acres with frontage on SR-7 (441) just 1-mile north of the Golden Glades Interchange.
The buyer is planning a multifamilyn development.
With this transaction, Peter Mekras has closed three South Florida multifamily transactions representing 692 units and $70 million in the last ninety days. CLICK ON THE HEADLINE FOR MORE
The sale price equates to $118,000 per unit, or $155 per foot, for the 1969-built property. CLICK ON THE HEADLINE FOR MORE
CREC’s Mekras represented Perry Ventures on its acquisition of the property in late 2013 for just under $1 million. CLICK ON THE HEADLINE FOR MORE
The lots had previously sold for a combined $4.6 million in separate deals that closed in 2004 and 2005. CLICK ON THE HEADLINE FOR MORE
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.