$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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Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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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.
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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 Mi...

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