Madison Realty Lends $463M for First St. Regis Condo in Sunny Isles
The tower is 80 percent of units have presold, having generated over $1.6 billion. Fortune International Group and Château Group have secured a $463 million construction debt package from Madison Realty Capital for the St. Regis Residences condo development in Sunny Isles Beach, Florida. The project will include two 62-story skyscrapers and will refinance the existing debt from Bank OZK, which has issued $418 million for the development since 2024. The South Tower, which broke ground in 2023, is expected to be completed by 2028. So far, 80 percent of units have already been purchased, generating over $1.6 billion. The financing for the North Tower was arranged by Berkadia’s Scott Wadler, Michael Basinski, Mitch Sinberg, Matt Robbins, Brad Williamson and Matthew Monahemi.
公開済み : 16時間前 沿って Julia Echikson の Business Finance
Fortune International Group and Château Group have secured a $463 million construction debt package from Madison Realty Capital to complete the St. Regis Residences condo development in Sunny Isles Be... [1691 symbols]
