$60 Million Marina and Multi-Family Development with $45 Million Loan
Foreign Client and Local Developer
Assisted foreign client and local developer in their investments in various projects in “up and coming” neighborhoods in Miami, Florida. A failed condominium project, the 199-unit rental complex, was ripe for redevelopment as the marina had never been built and the zoning permitted an additional 100 units. Representation included negotiation with the seller for over nine months to get the off-market property under contract at a below market price and to secure very favorable non-recourse loan terms from its lender, and the structuring and negotiation of a joint venture agreement between the partners.
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Chair, Real Estate
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