The property involved in the transaction is a development site located at 1100 East Hallandale Beach Boulevard, situated in the Hallandale Beach market. This site encompasses 10.1 acres and is designated for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $85,000,000
• Lender: Franklin BSP Realty Trust
• Landlord: Giuseppe Iadisernia - Hallandale Oasis 2019 LLC
• Loan Type: Construction
• Current Project: 25-story, 250-unit West Tower at the Oasis Hallandale development
• Current Sales Status: 75% sold
• Commercial Tenants: Oasis Fit and Oasis Dental
• Future Development: Second condo tower planned to break ground next year

The key individuals involved in this transaction include developer Giuseppe Iadisernia, who is associated with Hallandale Oasis 2019 LLC. Franklin BSP Realty Trust is the lender facilitating the $85 million construction loan for completing the ongoing development project.