Related Group & GTIS Partners Secure $328M Construction Loan In Brickell, Miami

The development site located at 77 Southeast 5th Street in Brickell, Miami, was involved in a recent transaction where a $328,000,000 construction loan was secured from Bank OZK. The sponsor of this project is Related Group in collaboration with Rob Vahradian from GTIS Partners. The loan was facilitated by brokers Scott Wadler, Michael Basinski, Mitch Sinberg, and Brad Williamson from Berkadia.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $328,000,000
• Lender: Bank OZK
• Sponsor: Related Group & Rob Vahradian - GTIS Partners
• Brokers: Scott Wadler, Michael Basinski, Mitch Sinberg & Brad Williamson - Berkadia

The key individuals involved in this transaction include Zach Rosen, Nick Perez, Ben Gerber, Tom Shapiro, and Rob Vahradian. These individuals played crucial roles in securing the construction loan for the development site. Additionally, JP Perez was also part of the team that facilitated this significant financial agreement.