In total, the Florida-based team, led by Senior Managing Director Mitch Sinberg of Berkadia Boca Raton, executed 35 deals across the country, including 12 acquisition loans, two equity raises, one construction loan, three land loans, and 17 strategic refinances.
The mixed-use project near Gulfstream Park will feature 121 condominium units, a 30,000-square-foot amenities area and four retail spaces.
The partnership will unite the Hotel and Beach Club sites to create a 22-acre masterplan featuring over 1,200 linear feet of beach frontage.
The acquisition marks the highest land sale in Key Biscayne’s history.
Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia Miami, secured a $36.08 million loan on behalf of the developer, Fortune International Group.
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