Security Benefit Life Insurance Corporation Provides $243.3M Loan For Development Project In Edgewater

777 Northeast 26th Terrace, Edgewater, Miami, FL, USA & 777 Northeast 26th Terrace, Edgewater, Miami, FL, USA

$243,300,000

$76,823/SF

Building Size

3,167 SF

Asset Type

—

Closing

Oct 31, 2019

AI

The development located at 777 NE 26th Terrace in Edgewater has recently been involved in a loan transaction. The loan was provided by Security Benefit Life Insurance Corporation for a total amount of $243,300,000. The development consists of 249 units and is owned by OKO Group, represented by Vlad Doronin.

Summary of transaction details

Property Type: Development
Loan Amount: $243,300,000
Units: 249
Lender: Security Benefit Life Insurance Corporation
Landlord: OKO Group - Vlad Doronin

Vlad Doronin, through OKO Group, serves as the landlord for the development. Security Benefit Life Insurance Corporation provided the loan for the project. This loan transaction took place on 11/01/2019 and is an important milestone in the development's progress.

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