Dezer scores $630M construction loan for Bentley Residences in Sunny Isles Beach
Dezer Development landed a $630 million construction loan for the oceanfront Bentley Residences condo project in Sunny Isles Beach, marking the largest financing in South Florida so far this year. New York-based Madison Realty Capital, led by managing principals Brian Shatz, Josh Zegen and Adam Tantleff, is the lender, according to a press release. Berkadia’s Scott Wadler and Alec Fox arranged the financing. Dezer launched sales of the planned 61-story, 216-unit tower at 18401 Collins Avenue in 2022. The project is more than 50 percent presold, according to the release. Remaining units start at $5.8 million and the two penthouses […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Macquarie, Vanderbilt sell Boca Raton dev site planned for 300-unit apartment project for $21M
“They want the all-in-one house that they never have to leave”: Buyers of luxury South Florida homes are demanding costlier designs
“Top of mind for New Yorkers”: Developers Ugo Colombo, Camilo Miguel talk Mamdani’s win, Miami’s condo market
“We thought, OK, we’re gonna plateau. Nope”: Experts dissect South Florida’s office market
What brokers want: Elliman’s Liebowitz, Side’s Gal sound off on resi shakeups
Here is Riviera Beach’s residential development pipeline
“Back like a Phoenix”: South Florida office investment sales pick up, distress and discounts linger
Mortgage Rates Tick Up After Four Week Decline
NAR Pushes for Action on Housing Affordability
Staying Visible When Buyers Use ChatGPT
