City National Bank Provides $113,750,000 Development Loan For 9705 Collins Avenue In Bal Harbour

The asset involved in this transaction is a development site located at 9705 Collins Avenue in Bal Harbour. The loan associated with the site amounts to $113,750,000 and is categorized as a land loan/pre-development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $113,750,000
• Lender: City National Bank
• Landlord: Edgardo DeFortuna & Eduardo Imery - Fortune International Group; Manuel Grosskopf - Chateau Group
• Brokers: Scott Wadler, Michael Basinski, Mitch Sinberg, Matt Robbins & Brad Williamson - Berkadia

The deal involves key individuals from Fortune International Group and Chateau Group who are the landlords for this transaction. The brokerage firm representing the deal, Berkadia, is composed of several brokers who played a significant role in facilitating this loan arrangement.