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Bruce And Allie Eichner Of Continuum Company Landlords Secure $67 Million Construction Loan In Bay Harbor Islands

Property Image
FINANCED
$67,000,000
Steven Jemal
Robert Schwartz
+ 5

Florida

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MultiFamily
Financed 08/22/2025
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Property Image
FINANCED

Bruce And Allie Eichner Of Continuum Company Landlords Secure $67 Million Construction Loan In Bay Harbor Islands

9481 East Bay Harbor Drive

See Similar Deals
MultiFamily
Financed 08/22/2025
Steven Jemal
Robert Schwartz
+ 5
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 9481 East Bay Harbor Drive in the Bay Harbor Islands market. The loan amount secured for this property is $67,000,000 through a construction loan with terms set for 30 months and an option for a 12-month extension.

Summary of transaction details:

The key players in this transaction include the lender representation from Steven Jemal and Robert Schwartz, who are associated with S3 Capital. The landlords, Bruce and Allie Eichner, are affiliated with the Continuum Company. The brokers managing the deal from Berkadia are Scott Wadler, Michael Basinski, Mitch Sinberg, Matthew Robbins, Brad Williamson, and Matt Jackson.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Michael (Thomas) Basinski
Berkadia
40 deals$3.7B volume
BROKER

Matt Jackson
Berkadia
5 deals$193.9M volume
BROKER

Berkadia
BROKERAGE

Steven Jemal
S3 Capital
116 deals$3.1B volume
LENDER


Details

FINANCED
IMAGE: Brad Williamson, Matthew Robbins, Michael Basinski, Mitch Sinberg, Scott Wadler, Matt Jackson, Bruce Eichner, Allie Eichner, Steven Jemal & Robert Schwartz DATE: 8/22/2025 ADDRESS: 9481 East Bay Harbor Drive MARKET: Bay Harbor Islands ASSET TYPE: Multifamily LENDER: Steven Jemal (@SFJemal) & Robert Schwartz - S3 Capital LANDLORD: Bruce & Allie Eichner - Continuum Company (@ContinuumCompany) BROKERS: Scott Wadler (@SWadler1), Michael Basinski (@MichaelThomasBasinski), Mitch Sinberg (@MitchSinberg), Matthew Robbins, Brad Williamson (@Howu_b_livin) & Matt Jackson - Berkadia (@Berkadia) LOAN AMOUNT: $67,000,000 LOAN TYPE: Construction LOAN TERMS: 30-month, floating-rate loan with a 12-month extension option

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,000,000.00

Monthly NOI$446,666.67
Monthly Debt Service$423,485.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00