Moishe Mana scores $6M construction loan for Venetian Islands home
He spent a combined $8.5M on both parcels between 2013 and May
October 12, 2016 10:30AMBy Katherine Kallergis
Moishe Mana and his Venetian Islands property
Developer Moishe Mana closed on $6 million in construction financing for a waterfront Venetian Islands property he owns.
Records show Venetian Drive Realty LLC, an entity controlled by Mana, scored the loan from City National Bank for the site at 851 North Venetian Drive in Miami. Mana combined a vacant lot and the small, four-bedroom home with a unity of title and they’re now one 26,250-square-foot property.
The developer, who’s been making headlines this year denouncing Republican presidential nominee Donald Trump, spent a combined $8.5 million on both parcels between 2013 and May of this year.
The Venetian Islands are no strangers to redevelopment – a number of older homes have been torn down and replaced with modern mansions.
Property records show Mana also owns a home on Hibiscus Island, just off the MacArthur Causeway.
On the commercial side, the New Jersey and Miami developer is concentrating on Wynwood and downtown Miami for his projects, and is moving forward with his special area plan in Wynwood that entitles him to a whopping 10 million square feet.
When it comes to Trump, Mana said he’ll put his money where his mouth is, and promising to donate $2 million to charity if the nominee reveals his tax returns. He even housed the naked Trump statue at Mana Wynwood until it was stolen and then returned to Miami police with its head cut off.
Source: The Real Deal