FinanceMiami has arranged $17,000,000 in financing secured by a 100-unit condo property in Wynwood, Miami, Florida. “This deal was not without its difficulties,” said Emile Schachter, Associate at FinanceMiami. “The client’s experience and background combined with the strong real estate fundamentals helped us get this one on record with very competitive terms.”
“Emile did an excellent job working with a lender who merged during the closing process with an out-of-state bank” added Doug Landry, Partner at FinanceMiami. “He took the lead a project manager, and rolled up his sleeves to get the lender and legal through a complex insurance process which would normally be outside the scope of FinanceMiami’s responsibilities”.
“The team’s underwriting and valuation skills were very critical to the performance of this transaction; very satisfied with Emile’s attention to detail and diligence throughout the process,” said Eduardo Pelaez, managing principal at Wellmeaning Family Office.
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