Regency Development Group Secures $55.7 Million Construction Loan For La Maré In Bay Harbor Islands

The asset involved in this transaction is a development site located at 9927 East Bay Harbor Drive in Bay Harbor Islands. The site encompasses 103,902 square feet and is designated for construction activities. The loan amount secured for this project is $55,700,000, categorized under construction financing.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $55,700,000
• Lender: Steven Jemal & Rob Schwartz - S3 Capital
• Landlord: Regency Development Group - Alex Troyanovsky & Igor Michin
• Brokers: Jimmy Calvo, Trent Niederberger, Paul Adams & Val McWilliams - JLL

JLL Capital Markets has facilitated the arrangement of construction financing for a project known as La Maré – The Regency Collection, which will comprise 33 waterfront condominium residences in the Miami MSA area of Bar Harbor Islands, FL.