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$500 Million Refinancing for Miami Design District Properties

Miami Design District Associates, LLC

Representation of Miami Design District Associates, a real estate developer, in the consummation of a $500 million first mortgage loan. The new loan, which covered a larger parcel, refinanced existing construction financing in the amount of $490 million.

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Alan D. Axelrod

Alan D. Axelrod

Partner
Hannah Lidicker

Hannah Lidicker

Associate
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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
Counsel to debtor in possession in the chapter 11 case of Cabi SMA Tower I LLLP, the developer of a proposed $60 million mixed-use facility on a 2.73-acre entire city block in the Brickell area of Downtown Miami. The case was an extremely contentious chapter 11 which resulted in the confirmation of ...
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