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

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.