Vivian Dimond lands $67M construction loan for revived North Bay Village condo project
Developer Vivian Dimond secured a $67 million construction loan for Tula Residences, the stalled North Bay Village condo project she took over earlier this year, The Real Deal has learned. S3 Capital is providing the financing for the planned 21-story, 54-unit tower at 7918 West Drive, according to a news release. Elsewhere in South Florida, S3 Capital, led by Robert Schwartz and Joshua Crane, is backing developer Giuseppe Iadisernia’s planned Oasis Hallandale condo development. S3 provided a $112 million construction loan in May for the project’s east tower. Dimond’s Bayshore Grove Capital took over the LLC that owns the project […]This article originally appeared on The Real Deal. Click here to read the full story.
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