Vlad Doronin's OKO Group And Len Blavatnik's Access Industries Secure $85M Loan For Development Site

The property asset involved is a development site located at 3425 Collins Avenue in Miami Beach. The asset is set to host an 18-story Aman-branded condo and hotel project, which includes a sold-out collection of 22 condos and 56 hotel rooms. The project, designed by Kengo Kuma, also incorporates the historic Versailles Hotel and is now projected for completion in 2027 following delays related to the construction of a two-story underground garage.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $85,000,000
• Lender: Steven Tananbaum - GoldenTree Asset Management
• Landlord: Vlad Doronin - OKO Group
• Landlord: Len Blavatnik - Access Industries
• Loan Type: Mezzanine

This transaction involved key individuals Steven Tananbaum, who represented GoldenTree Asset Management as the lender. Vlad Doronin and Len Blavatnik are noted as landowners, working through their respective companies, OKO Group and Access Industries, to advance the project's development through the secured loan.