Amerant Bank And Bank Hapoalim Provide $125 Million Loan For Miami Development Site

A construction loan of $125,000,000 has been arranged for the development site located at 91-93 Northeast 36th Street in Miami, which will host "Cassi," a 107-unit, 20-story mixed-use project in Miami’s Design District.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $125,000,000
• Lender: Amerant Bank & Adrian Rahimi - Bank Hapoalim (BHI)
• Landlord: Craig Robins - Miami Design District Associates; Randall Wertheimer - Hunter Pasteur; The Forbes Company
• Brokers: Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella & Michael Stepniewski - Walker & Dunlop
• Legal Counsel: Bilzin Sumberg and Greenspoon Marder

The joint venture behind the development comprises Miami Design District Associates, Hunter Pasteur, and The Forbes Company, highlighting the collaboration among seasoned entities in the market to bring this project to fruition.