Related Group's Fisher Island Development Site Secures $85M Loan From Madison Realty Capital

Located in Fisher Island, Miami Beach, this development site at 6 Fisher Island Drive has recently been involved in a closed property transaction. Spanning across 216 acres, the property presents an exciting opportunity for future development.

Summary of Transaction Details

• Property Type: Development Site
• Loan Amount: $85,000,000
• Date: 09/15/2022
• Market: Fisher Island, Miami Beach
• Address: 6 Fisher Island Drive

Madison Realty Capital, represented by Josh Zegen, provided a loan of $85,000,000 for this development site. As the lender, Madison Realty Capital recognized the potential of this property and supported its future development.

The landlord in this transaction is the Related Group, represented by Jorge Perez, Jon Paul Perez, Teddy Sagi, BH Group, and Wanxiang America RE Group. Alongside the lender, they played a crucial role in this closed transaction, contributing to the successful completion of the deal.