$9,750,000 Acquisition Loan Secured for Hospitality Property in Miami, FL
Apr 29, 2026 Private Money
Deal Summary
Smgra16 LLC, a private lender, recorded a $9,750,000 mortgage on a 95,730 square foot hotel at 5959 Southwest 71st Street in the South Miami area. The loan was executed April 29, 2026 and recorded May 7, 2026 in Miami-Dade County under document 311400. County records list the owner as Alta Somi I LLC.
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Transaction Details
- Closing Date
- Apr 29, 2026
- Loan Amount
- $9,750,000
- Loan Type
- Private Money
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Hospitality
- Source
- County record
Property
- Address
- 5959 Sw 71st St
- City, State
- Miami, FL
- Market
- Miami / South Florida
Property Facts
- Building Size
- 95,728 sq ft
- Lot Size
- 35,700 sq ft (0.82 ac)
- Year Built
- 1991
- Stories
- 4
- Buildings
- 1
- Zoning
- 6801
- Subtype
- Hotel
- Floor Area Ratio
- 2.68
Sale History
Last sold for $23,000,000 on Apr 29, 2026. Prior owner PACMISO 13 CORP (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| May 7, 2026 | SMGRA16 LLC | $9,750,000 | Mortgage | PRIVATE PARTY LENDER |
| Jul 21, 2022 | US CENTURY BK | $4,000,758 | Modification Of Mortgage | CONVENTIONAL |
| Jan 4, 2007 | US CENTURY BK | $8,000,000 | Mortgage | CONVENTIONAL |
| May 22, 2003 | BANCO DE SABADELLA | $3,000,000 | Mortgage | CONVENTIONAL |
| May 30, 2002 | BRIDGELOAN INVESTORS INC | $3,000,000 | Mortgage | CONVENTIONAL |
| Jun 24, 1998 | CURINVEST MORTGAGE CORP | $536,134 | Mortgage | PRIVATE PARTY LENDER |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.