$320 Million Construction Financing for Paramount Miami Worldcenter

Paramount Miami Worldcenter

Representation of Paramount Miami Worldcenter in obtaining a $170 million construction loan and two mezzanine loans totaling $150 million. One of the mezzanine loans included EB-5 financing. Work on these loans took over eight months and began even before the land purchase was finalized. Paramount Miami Worldcenter, the $650 million centerpiece of the $2 billion Miami Worldcenter, includes development of a 564-unit residential tower and six-acre amenity deck.

Robert M. Siegel
Partner, Head of Commercial Finance
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...