$118 Million Construction Financing for Setai Condo Hotel Project in Miami Beach

Bank

Representation of lender in financing $118 million for development of Miami Beach Setai condo hotel project.

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John C. Sumberg
Founder, Chairman
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Experience
Structured and negotiated acquisitions of Risk Retention Interests through a multi-billion dollar series of transactions subject to the U.S. Risk Retention Rule under Dodd-Frank, a new and complex securities rule developed to help reduce systemic financial risks. To finance certain of the acquisitio...
Experience
Representation of lender in the co-origination of a $265 million loan secured by eight hotels in six states, as well as in the continued representation of the lender in connection with the re-flagging of hotels and extensive hurricane damage.
Experience
Representation of national lender regarding construction loan for conversion of the Dilido Hotel on Miami Beach into a Ritz-Carlton.
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