$8M Bank Mortgage on a Doral Warehouse Turned Padel Club

The 1973 warehouse at 1360 Northwest 88th Avenue has been a distribution building, a sports bar with indoor soccer, and now one of Miami's padel venues. Champions Padel Club operates five indoor courts at the address per its own site, in a 32,460 square foot building whose prior listing marketed liquor, restaurant, and live entertainment licenses and capacity for 1,200 patrons. On May 6, 2026, United Community Bank recorded an $8,000,000 mortgage on the property, executed April 28, for owner of record Market Vision Holdings LLC.

The loan replaces a very different kind of credit. Best Meridian Insurance Company, a Miami insurer, recorded a $4,740,000 mortgage in 2018 and carried the position through modifications in 2020, 2025, and February 2026, the last on a twelve month term due February 2027. Alongside it sat a $4,885,000 small business lender mortgage from 2021 and a $2,440,000 Bank of America loan from 2022. Three months after the final modification, the United Community Bank mortgage recorded. A property that had been rolling short insurance company paper now carries a single bank instrument nearly double the prior balance.

The asset itself has repriced with its uses. County records show a $2,850,000 sale in 2015, following a $1,775,000 sale in late 2014; the 2025 tax roll carries a market value of $7,689,000 per county data services. An eight figure mortgage on a building bought for under $3,000,000 a decade ago tracks the broader Doral industrial story, where recreation and entertainment uses now compete with distribution for warehouse space near the airport.

United Community Bank, headquartered in Greenville, South Carolina, is the database's most asset diverse lender: five tracked closings spanning industrial, land, multifamily, office, and retail, two of them in Miami. Within Miami's tracked record this loan ranks 24th of 39, among industrial closings that include $8,221,000 from Byline Bank in Opa-locka, $7,200,000 from City National Bank of Florida, and $6,500,000 from BankUnited.

For owners converting industrial buildings to sports and entertainment uses, the chain here answers the financing question directly: the conversion years ran on insurance company and small business credit, and the stabilized operation refinanced into a conventional bank mortgage. Specialty use does not lock a building out of bank debt; it just changes when the bank shows up.