Managing Directors Michael Weinberg and Scott Wadler of Berkadia South Florida orchestrated the financing on behalf of Driftwood Capital, a prominent hospitality sponsor headquartered in Miami.
Sageblan Investments acquired the SunTrust Parking Garage which is entitled for up to 800 residential units, 120 hotel keys, and 7,205 square feet of retail space
Berkadia arranged $14.1 million in acquisition financing on behalf of Foundry Commercial for the acquisition.
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