Fortune, Château score $463M loan for St. Regis Sunny Isles
Edgardo Defortuna’s Fortune International Group and the Grosskopf family’s Château Group secured a $463 million loan package for the St. Regis Residences, Sunny Isles Beach, marking one of the largest loans to close in the beachfront city. Madison Realty Capital is providing the financing, according to a news release. It refinances existing debt backing the two-tower luxury condo development at 18801 Collins Avenue, including loans provided by Bank OZK dating back to 2020. In April, the developers closed on $113.8 million in construction financing from City National Bank. New York-based Madison is led by managing principals Brian Shatz, Josh Zegen […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Jupiter mansion sells for $35M as buyer levels up in Admirals Cove
Lennar’s land bank spinoff Millrose bought 1,200 single-family rentals
Cash4Keys principals, United Realty agent accused of stealing elderly man’s house, dumping him in Miami Gardens
Southwest Ranches estate once owned by Mexican pop icon Juan Gabriel hits market for $39M
Miami-Dade’s affordable housing gap grows to 118K units, even as low-income earners flee
Palm Beach’s “Ham and Cheese House” finds buyer at $105M
Estates at Acqualina penthouse with private pool lands $40M contract
“They’re getting hammered”: Fisher Island Club fee dispute escalates into $5M class action after community association sues members
Florida home permits fall 21% in September
Treasury proposes rules for large home investors
