Eastern Union Funding Lends a Hand in Florida
- Sep 28, 2016
by Csilla Borsos
Miami—Managing Director David Betesh of New York-based Eastern Union Funding has recently closed a $3 million acquisition loan for 8210 NW 36th St. in Doral, Fla.
Axiom Capital Advisors, an Aventura, Fla.-based real estate advisory services firm, represented the borrower, Famous Capital LLC, in the off-market acquisition. The loan was provided by Mercantil Commercebank and the deal was part of a sale-leaseback transaction for the seller, BCBK Investment Group.
The free-standing building, which is home to a Famous Dave’s barbecue restaurant, totals approximately 60,600 square feet and is located on the NW 36th Street Doral artery, alongside the mixed-use CityPlace Doral development, which is nearing completion.
According to Axiom Principal Roberto Susi, the favorable location assures the buyer a safe long-term investment in a top-tier market.
Image via Google Maps