Nadim Ashi Of Fort Partners Acquires Condo In Surfside For $24.5M With Financing From City National Bank

A condo unit located at 9149 Collins Avenue Unit 103 in Surfside was sold for a price of $24,500,000. The property encompasses a total area of 4,400 square feet, with a price per square foot of $5,568.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $24,500,000
• Buyer: Nadim Ashi
• Buyer's Company: Fort Partners
• Lender: City National Bank of Florida
• Financing Amount: $16,400,000
• Total Seaway Sales: $320,700,000
• Recent Financing for Expansion: $218,000,000

Nadim Ashi, representing Fort Partners, acquired the unit as part of their expansion plans related to the Surf Club-affiliated developments. The financing from City National Bank of Florida facilitated the purchase, contributing to Fort Partners' broader strategy in the Surfside market.