$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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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 Mi...

Experience
Representation of developer of 45-story luxury oceanfront condominium in City of Sunny Isles Beach, Florida, against the neighboring Town of Golden Beach's appeal objecting to the development approval by the City of Sunny Isles Beach.
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...
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