$58.5 Million Construction Loan for Luxury Oceanfront Condominium

Multiplan Real Estate Asset Management

Representation of Multiplan Real Estate Asset Management, a real estate development firm, in a $58.5 million construction loan for 57 Ocean, a luxury, mid-rise, 71-unit oceanfront condominium in Miami Beach, Florida. The financing was obtained amid the social-distancing mandate and widespread shutdown caused by COVID-19 and closed within a tight three-week timeframe.

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