$60 Million Marina and Multi-Family Development with $45 Million Loan

Foreign Client and Local Developer

Assisted foreign client and local developer in their investments in various projects in “up and coming” neighborhoods in Miami, Florida. A failed condominium project, the 199-unit rental complex, was ripe for redevelopment as the marina had never been built and the zoning permitted an additional 100 units. Representation included negotiation with the seller for over nine months to get the off-market property under contract at a below market price and to secure very favorable non-recourse loan terms from its lender, and the structuring and negotiation of a joint venture agreement between the partners.

Suzanne M. Amaducci
Chair of Real Estate & 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...