Adam Sadakka Of Madison Realty Capital Provides $463 Million Loan For Development Site In South Florida

A development site located at 18801 Collins Avenue in the South Florida market is involved in this transaction. The asset comprises 170 units and is backed by a construction loan totaling $463,000,000, with a loan term of four years and an option for one additional year.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $463,000,000
• Loan Type: Construction
• Loan Terms: 4 years with a 1-year extension option
• Lender: Adam Sadakka - Madison Realty Capital
• Landlord: Edgardo DeFortuna, Daniel Neidich & Manuel Grosskopf
• Landlord's Representatives: Mitch Sinberg, Scott Wadler, Brad Williamson, Michael Basinski, Matthew Monahemi & Matthew Robbins - Berkadia; Eduardo Imery - Fortune International Group

This transaction involves notable individuals such as Adam Sadakka, who is the lender, and the landlords Edgardo DeFortuna, Daniel Neidich, and Manuel Grosskopf. The deal's representatives include a team from Berkadia, comprising Mitch Sinberg, Scott Wadler, Brad Williamson, Michael Basinski, Matthew Monahemi, and Matthew Robbins, alongside Eduardo Imery from Fortune International Group.