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Kushner Companies Secures $115M Construction Loan From Arbor Realty Trust For Surfside Development Site

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FINANCED
$115,000,000
Laurent Morali
Ivan Kaufman
Nicole Kushner Meyer

Florida

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Development Site
Financed 05/30/2025
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FINANCED

Kushner Companies Secures $115M Construction Loan From Arbor Realty Trust For Surfside Development Site

9300 Collins Avenue

See Similar Deals
Development Site
Financed 05/30/2025
Laurent Morali
Ivan Kaufman
Nicole Kushner Meyer
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The transaction involves a development site located at 9300 Collins Avenue in Surfside, covering an area of 2.9 acres. This site is set for a luxury apartment project consisting of 68 units, with a construction loan amounting to $115,000,000 from Arbor Realty Trust. The project is anticipated to be completed and delivered by late 2026.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $115,000,000
  • Address: 9300 Collins Avenue
  • Market: Surfside
  • Asset Size: 2.9 Acres
  • Lender: Ivan Kaufman - Arbor Realty Trust
  • Landlord: Nicole Kushner Meyer & Laurent Morali - Kushner Companies
  • Loan Type: Construction

This deal marks Kushner Companies' first development in Surfside and includes plans for rooftop amenities and a restored 1940s MiMo-style facade, highlighting the architectural features intended for the project.

Players

Ivan Kaufman
Arbor Realty Trust
Ivan Kaufman
11 deals$1B volume
LENDER
Laurent Morali
Kushner Companies
Laurent Morali
16 deals$2.4B volume
LANDLORD
Nicole Kushner Meyer
Kushner Companies
Nicole Kushner Meyer
10 deals$1.6B volume
LANDLORD

Details

FINANCED
IMAGE: Ivan Kaufman, Laurent Morali & Nicole Kushner Meyer DATE: 05/30/2025 ADDRESS: 9300 Collins Avenue MARKET: Surfside ASSET TYPE: Development Site ~ ACRES: 2.9 LENDER: Ivan Kaufman - Arbor Realty Trust (@ArborRealtyTrust) LANDLORD: Nicole Kushner Meyer & Laurent Morali - Kushner Companies (@KushnerCompanies) LOAN AMOUNT: $115,000,000 LOAN TYPE: Construction NOTE: Kushner Companies secured a $115M construction loan from Arbor Realty Trust for a 68-unit luxury apartment project at 9300 Collins Ave. in Surfside, set to deliver in late 2026. The 2.9-acre, non-waterfront site will feature rooftop amenities, a restored 1940s MiMo-style facade, and marks Kushner’s first development in the town.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$115,000,000.00

Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00