Representation of borrowers securing a loan on an eight-property portfolio in Sunset Harbour in Miami Beach, Florida, including the Sunset Harbour Shops. The properties contain 60,000 square feet of net rentable space and are owned by Scott Robins and Philip Levine, developers known for transforming once blighted areas into flourishing neighborhoods. This transaction will transform Sunset Harbour into a more upscale, pedestrian-friendly shopping and dining destination. The 10-year, fixed rate loan contains competitive terms difficult to obtain in the current financing market and the proceeds will help finance tenant improvements and additional development in the Sunset Harbour area.
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...