Fortune, Château score $463M loan for St. Regis Sunny Isles
Edgardo Defortuna’s Fortune International Group and the Grosskopf family’s Château Group secured a $463 million loan package for the St. Regis Residences, Sunny Isles Beach, marking one of the largest loans to close in the beachfront city. Madison Realty Capital is providing the financing, according to a news release. It refinances existing debt backing the two-tower luxury condo development at 18801 Collins Avenue, including loans provided by Bank OZK dating back to 2020. In April, the developers closed on $113.8 million in construction financing from City National Bank. New York-based Madison is led by managing principals Brian Shatz, Josh Zegen […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
New York developer pitches Fort Lauderdale’s tallest tower at 645 feet
Developers snap up multifamily sites despite higher costs, overbuilding
Driftwood, Merrimac, MV Real Estate score $145M loan for Miami Riverside Wharf mixed-use project
Amendment 3 spells property tax break for homesteads. For renters? Not quite, study says
Todd Glaser, David Edelstein buying one of Palm Beach’s most-expensive estates for $160M
Mill Creek brings multifamily project to fast-growing Pompano Beach
E11even developer Marc Roberts fires off anti-Muslim email urging Floridians to protest Islamic centers
Mr C Boca developers Wexford and Key seek approval to upsize units
Jupiter waterfront mansion designed for Céline Dion trades for $13M
GET MORE INFORMATION
