The property asset is located at 18401 Collins Avenue in Sunny Isles Beach. It is a development site consisting of 216 units. The loan amount secured for this asset is $630,000,000, categorized as a construction loan with floating rate terms.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $630,000,000
• Units: 216
• Lender: Josh Zegen - Madison Realty Capital
• Landlord: Gil Dezer, Arthur Gallagher & Ryan Thompson - Dezer Development
• Brokers: Scott Wadler, Mitch Sinberg, Matt Robbins, Brad Williamson, Alec Fox & Matt Jackson - Berkadia
• Market: Sunny Isles Beach
• Loan Type: Construction
• Loan Terms: Floating Rate

The transaction involved significant participation from key individuals, including lender Josh Zegen from Madison Realty Capital and landlords Gil Dezer, Arthur Gallagher, and Ryan Thompson representing Dezer Development. The brokerage team from Berkadia, consisting of Scott Wadler, Mitch Sinberg, Matt Robbins, Brad Williamson, Alec Fox, and Matt Jackson, played a crucial role in facilitating this deal.