Wells Fargo Provides $240M Construction Loan For Selene Oceanfront Residences, Fort Lauderdale

The Selene Oceanfront Residences development site in Fort Lauderdale has secured a construction loan of $240,000,000 from Wells Fargo. The development, located at 3000 Alhambra Street, will consist of two 26-story towers with a total of 194 units. The property will also include 5,400 square feet of restaurant space at the base.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $240,000,000
• Address: 3000 Alhambra Street, Fort Lauderdale
• Lender: Wells Fargo
• Landlord: Kolter Group - Bob Vail & Bobby Julien

Bob Vail & Bobby Julien, representing the Kolter Group, played a key role as the landlords in this transaction. Their involvement ensures the successful development of the Selene Oceanfront Residences in Fort Lauderdale.