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.
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