$15,000,000

Originated a $15.0MM First Mortgage Loan to refinance a 0.88-acre site in Miami, FL, zoned as of right for multifamily or condominium development. The loan refinanced an existing loan, fund shortfall, property tax, and insurance reserves and cover closing costs. The Property is a rare development site in the Arts and Entertainment District, situated near shopping, dining, and retail attractions including the Adrienne Arsht Performing Arts Center, Miami World Center, Maurice A. Ferre Park, and Kaseya Center.