MIAMI, FL – FinanceMiami has arranged $5,600,000 in financing secured by a 17-unit short term rental property in Sunny Isles, Florida. “This deal was not without its difficulties,” said Emile Schachter, Associate at FinanceMiami. “A non-operating asset at the time of the engagement, we had to fight through a bank merger and 3rd party delays to get it closed. The client’s experience and institutional background combined with strong real estate fundamentals helped us get this one on record with very competitive terms.”
“Richard Valdes entrusted us to deliver on this one of a kind property in Sunny Isles at a time when many banks are pulling away from STR financing,” said Robert Perea, Capital Markets Advisor at FinanceMiami. “There are so few STRs in this part of Sunny Isles, and this type of asset is a great resource for families visiting the area.”
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