Fontainebleau Development Secures $72.8M Construction Loan From Goldman Sachs In Miami Beach Hotel Transaction

A construction loan in the amount of $72,800,000 has been secured for a hotel located at 4360 Collins Avenue in Miami Beach. The lender for this transaction is Goldman Sachs, represented by David Solomon. The landlord of the property is Fontainebleau Development, with Jeff Soffer and Brett Mufson serving as the representatives. The landlord's representatives in the deal are Dustin Stolly and Jordan Roeschlaub from Newmark.

Summary of Transaction Details:

• Property Type: Hotel
• Transaction Amount: $72,800,000
• Lender: Goldman Sachs - David Solomon
• Landlord: Fontainebleau Development - Jeff Soffer & Brett Mufson
• Landlord's Rep: Dustin Stolly & Jordan Roeschlaub - Newmark

The involvement of key individuals and companies in this transaction highlights the collaborative efforts behind securing the construction loan for the hotel. With Goldman Sachs providing the loan and Fontainebleau Development serving as the landlord, the deal showcases the confidence in the future success of the hotel. Representing the respective parties, David Solomon from Goldman Sachs and Dustin Stolly and Jordan Roeschlaub from Newmark contribute their expertise to ensure a smooth transaction for all parties involved.