COLLINS AVENUE, MIAMI BEACH
The subject property was underwritten as a short term rental vacation property. There is a total of 15 units, comprised of 3 luxury studios, 6 two bedrooms, and 6 three bedrooms.
The Borrower is an experienced Real Estate investor with over 25 years in the real estate industry.
Closing Date December 2021
Loan Type Value-Add Bridge
Loan Amount $6,693,000
Term 18 Months +One 6 Month Extension Option
Location Miami Beach, FL
Property Type Multi-Family
SITE SIZE 13,031 sq ft
LENDING PROGRAMS
JLJ Capital provides alternative financing solutions for bridge-lending, acquisitions, ground-up construction, short-term refinancing, mezzanine loans, mortgage takeout, partner buyout, preferred equity opportunities, residential fix and flip, and other real estate projects.
