$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
Senior Counsel
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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...
Experience
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Experience
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...
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