Constellation Group, The Boschetti Group, Vietmar Secures $42.3M Loan From Amerant Bank For Development Site In Miami Beach

The asset involved in this transaction is a development site located at 6940 Abbott Avenue, Miami Beach. The transaction is connected with a construction loan amounting to $42,300,000.00.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $42,300,000.00
• Loan Type: construction
• Loan Terms: Three-year, floating-rate loan
• Lender: Amerant Bank
• Landlord: Constellation Group, The Boschetti Group, Vietmar

The deal involves several key players, including the lender Amerant Bank and the landlords Constellation Group, The Boschetti Group, and Vietmar, who are part of the financing arrangement for this development project.