Oasis Hallandale Secures $50 Million Mezzanine Loan From Cottonwood Management In Hallandale Beach

The property asset involved in this transaction is a condo located at 1000 East Hallandale Beach Boulevard in Hallandale Beach. The total square footage of the asset is 317,000, and the loan amount associated with this property is $50,000,000 as part of a mezzanine financing arrangement.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $50,000,000
• Lender: Mark Green & Maxwell Rittner - Cottonwood Management
• Borrower: Oasis Hallandale
• Landlord's Rep: Jose Degwitz - Ordeg Capital
• Lender's Rep: Emile Schachter - WD Capital Group
• Market: Hallandale Beach
• Notable amenities: Two pools, business rooms, movie theaters, barbecue areas, yoga lawn, fitness and wellness center
• Credit facility arranged by WD Capital Group

Key individuals involved in the deal include Mark Green and Maxwell Rittner, representing Cottonwood Management as lenders. Emile Schachter from WD Capital Group acted as the lender's representative, while Jose Degwitz from Ordeg Capital represented the landlord. WD Capital Group has completed over $850,000,000 in equity and debt transactions since its inception and is actively structuring more credit facilities in the Florida Tri-County region.