Brett Rose And Ocean Land Investments Secure $96 Million Construction Loan For Sixth & Rio Development

The property asset involved in this transaction is a development site located at 501 Southeast 6th Avenue in Fort Lauderdale. The development consists of 94 units and is classified as a luxury condominium project. The loan amount secured for this construction project is $96,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $96,000,000
• Address: 501 Southeast 6th Avenue
• Market: Fort Lauderdale
• Units: 94
• Lender: Mike Wolfson & Eric Scheffler - Invictus Real Estate Partners
• Landlord: Brett Rose, Jean Francois Roy & Marc-Andre Roy - Ocean Land Investments
• Brokers: Brian Gaswirth & Paul Adams - JLL
• Loan Type: Construction

The deal was facilitated by JLL, which arranged the construction financing specifically for the Sixth & Rio project. Key individuals involved in the transaction include Mike Wolfson and Eric Scheffler representing Invictus Real Estate Partners as lenders, while Brett Rose, Jean Francois Roy, and Marc-Andre Roy represent Ocean Land Investments as landlords.