Gil Dezer's Dezer Development Acquires Condo In Sunny Isles Beach For $40M Loan

The recently closed property transaction in Sunny Isles Beach involved a condominium located at 18401 Collins Avenue. The asset, a luxury tower with 216 units, is part of a proposed development project. The financing provided by City National Bank of Florida amounted to $40,000,000 and covered the pre-development costs associated with the project.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $40,000,000
• Address: 18401 Collins Avenue
• Market: Sunny Isles Beach
• Lender: City National Bank of Florida
• Landlord: Dezer Development - Gil Dezer
• Asset Type: Condo

Gil Dezer from Dezer Development represented the landlord in this property transaction.