The Estate Cos. Obtains $100M Construction Loan For Soleste On The Bay In North Miami Beach

The asset involved in this transaction is a development site located at 16375 Biscayne Boulevard in North Miami Beach. It spans 2.15 acres and is set to support the construction of the 363-unit Soleste on the Bay project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Lender: U.S. Bank
• Landlord: The Estate Cos. - Robert Suris & Jeffrey Ardizon
• Loan Type: Construction Loan

This transaction involves key players including The Estate Cos., represented by Robert Suris and Jeffrey Ardizon, who are managing the financing for the development project. U.S. Bank is identified as the lender facilitating the $100 million construction loan.