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$558 Million Construction Loan for Luxury Development in Sunny Isles Beach

The Trump Group
Representation of The Trump Group in a $558 million construction loan for the Estates at Acqualina, a two-tower, ultra-luxury residential project in Sunny Isles Beach, Florida. The transaction was structured to reduce documentary stamp and intangible tax liability by over $2 million.
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Experience

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 i...

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...
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