$160 Million Loan for High-Rise Condominium Mansions of Acqualina

The Trump Group
Representation of The Trump Group in a $160 million construction loan for a high-rise residential project in Sunny Isles, Florida, reported in the Wall Street Journal to be the first major construction loan in excess of $100 million that banks had issued to a residential project outside New York since the housing market crash.
RELATED PEOPLE
MORE EXPERIENCE
Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
Experience
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...
Experience
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...
VIEW MORE EXPERIENCE