Hazelton Capital Group And SB Development Secure $170M Loan From Bravo Property Trust For Cove Project

The property involved in this transaction is a development site located at 496 Northeast 29th Street in Miami. The asset is associated with the construction of Cove, a luxury condominium tower comprising 40 stories and 134 units. The transaction involves a construction loan amounting to $170,000,000, facilitating the land acquisition and development of this waterfront site.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $170,000,000
• Market: Miami
• Lender: Aaron Krawitz & Gabi Moshayev - Bravo Property Trust
• Landlord: Adam Westreich - Hazelton Capital Group; Joseph Stern & Roni Benjamini - SB Development Group
• Broker: Lillian Fried - Vault Real Estate Group
• Loan Type: Construction

This transaction involves key individuals from various companies. Aaron Krawitz and Gabi Moshayev represent Bravo Property Trust as lenders for the project. The landlords are represented by Adam Westreich from Hazelton Capital Group and Joseph Stern and Roni Benjamini from SB Development Group. Lillian Fried from Vault Real Estate Group is the broker who arranged the financing for this development.