$225 Million Construction Loan for One Thousand Museum Luxury Condominium

Developer Joint Venture
Representation of the joint venture between Regalia Group and OTM Group in obtaining a $225 million construction loan and restructuring of subordinate debt for the One Thousand Museum luxury condominium. The 62-story, $450 million downtown Miami condominium tower was designed by the late architect Zaha Hadid.
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Jon Chassen

Jon Chassen

Partner
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Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing in S...
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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...
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Counsel to debtor in possession in the chapter 11 case of Cabi SMA Tower I LLLP, the developer of a proposed $60 million mixed-use facility on a 2.73-acre entire city block in the Brickell area of Downtown Miami. The case was an extremely contentious chapter 11 which resulted in the confirmation of ...
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