OceanLand Nabs $96 Million Loan for Sixth&Rio, a Luxe Condo Project in Fort Lauderdale

OceanLand Investments, a South Florida-based real estate development firm closed on a $96 million construction loan for Sixth&Rio, a luxury condominium project in Fort Lauderdale, Florida, with Invictus Real Estate Partners, a New York-based private equity firm, West Palm Beach-based Southern Realty Trust Inc.and Sunrise Realty Trust (Nasdaq: SUNS). JLL Capital Markets Managing Director, Brian Gaswirth and Associate, Paul Adams represented OceanLand.

Eric Scheffler and Chris Pardo, Co-Founders and Managing Partners of Invictus, jointly stated, "We are thrilled to leverage our extensive knowledge and collaborate with OceanLand in helping Sixth&Rio come to life. OceanLand has a proven track record of delivering outstanding projects in the area and possesses decades of experience in the development field. It's our pleasure to join forces with them and offer a customized financial package." 

Developed by Jean Francois Roy-led OceanLand, residences range from $900,000 to over $3 million. The 94 homes span one, two, three and four-bedroom floorplans - each featuring private balconies. There is also an exclusive collection of townhomes available. Located near Fort Lauderdale’s prestigious Rio Vista neighborhood, Sixth&Rio offers stunning city, New River, and Smoker Family Park views, along with premium amenities like a resort-style pool, fitness center, and club lounge. Designed by FSMY Architects + Planners with interiors by ID & Design International, the project is set for completion in 2026.