New York Life Real Estate Investors Provides $97M Construction Loan For Multifamily Property In Sunny Isles Beach

The property involved in this closed transaction is a multifamily asset located at 100 Kings Point Drive in Sunny Isles Beach. The property consists of 256 units. The lender in this transaction was New York Life Real Estate Investors, and the landlord is The Brunetti Organization. The brokers involved in the deal were Charles Foschini and Christopher Apone.

Summary of transaction details:

• Property Type: Multifamily
• Loan Amount: $97,000,000
• Loan Terms: 15-year, fixed-rate permanent construction loan with five years interest only
• Address: 100 Kings Point Drive
• Market: Sunny Isles Beach
• Lender: New York Life Real Estate Investors
• Landlord: The Brunetti Organization
• Brokers: Charles Foschini & Christopher Apone
• Units: 256

Charles Foschini and Christopher Apone represented their respective parties in the transaction as brokers.