Waterfront residence in Miami Beach

Featured case study

$22.5M in 18 days: Miami Beach waterfront residence

We made a $22.5 million first position refinance loan on a Miami Beach waterfront residence. It closed in 18 days.

Loan amount
$22,500,000
Loan type
Refinance
Position
First lien
Days to close
18
Asset
Waterfront residence, Miami Beach

01

The transaction

The owner of a Miami Beach waterfront residence needed a $22.5 million refinance. The loan had to close on a private timeline.

02

The challenge

A conventional loan process would not meet the borrower’s schedule.

03

Matchpoint’s analysis

We reviewed the waterfront property, sponsor, requested proceeds, lien position, and repayment plan.

04

The structure

$22.5 million of first-position refinance capital underwritten against the residence.

05

Execution

The borrower dealt directly with the principals. We reviewed the property, used established counsel, and funded the loan in 18 days.

The result

The $22.5 million refinance closed in 18 days.

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