Edward Abbo Of Apollo Cos. And Leon Ojalvo Of Liberty Base Investments Secure $30.95M Loan For Dania Beach Development Site

The asset involved in this transaction is a development site located at 102 Southwest 1st Street in Dania Beach. The site is associated with a loan amount of $30,950,000. This development project, known as Phase II of 101 Dania Beach, will feature a 12-story building with 102 apartments, alongside 2,800 square feet of retail space and 36,500 square feet designated for a national gym.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,950,000
• Address: 102 Southwest 1st Street
• Market: Dania Beach
• Lender: Israel Discount Bank of New York & Banesco USA
• Landlord: Edward Abbo - Apollo Cos.
• Landlord: Leon Ojalvo - Liberty Base Investments

In this transaction, Apollo Cos. and Liberty Base Investments are spearheading the construction of the subsequent phase of the project, which follows Phase I that is expected to deliver shortly. Both phases of the development will be connected via a pedestrian bridge designed to showcase art by Lorenzo Quinn.