The Real Deal Miami

Avison Young secures $12.5M loan for Summit Palms

The cash will be used to reposition the 352-unit multifamily building
June 06, 2014 03:00PM

4491 NW 19th Street

4491 NW 19th Street

Avison Young has scored a $12.5 million loan to refinance the debt on Summit Palms, a 352-unit multifamily building in Lauderhill.

The loan is the second Avison Young has secured for Summit Properties and will allow the ownership to reposition the property, which is located at 4491 NW 19th Street.

Dan Carlo, principal and managing director of Avison Young’s Miami office, worked with David Eyzenberg, a principal in Avison Young’s New York office, to secure the loan. – Christopher Cameron