Jeff Ardizon And Robert Suris Secure $60 Million Construction Loan For Soleste On The Trail

Soleste on the Trail is a garden-style multifamily community located at 7820 North Military Trail in Riviera Beach. The property consists of four-story rental buildings and includes 255 rental units. It features a two-acre lake at its center, complemented by a walking trail and various amenities, including a clubhouse, resort-style pool with cabanas, outdoor barbecue areas, a state-of-the-art fitness center, a full-service spa, a co-working lounge, a playground, and a dog park.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Lender: BB Americas Bank
• Landlord: Jeff Ardizon, Principal & Robert Suris, Managing Principal - The Estate Companies
• Broker: Jim Fried - Sandstone Realty Advisors
• Loan Type: Construction

Jeff Ardizon and Robert Suris represent The Estate Companies in this transaction, emphasizing their roles as key figures in the development and management of the property. The partnership with BB Americas Bank facilitates the construction financing needed to enhance the multifamily community and its amenities.