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

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:

• Property Type: Multifamily
• Transaction Amount: $67,000,000
• Lender: Steven Jemal & Robert Schwartz - S3 Capital
• Landlord: Bruce & Allie Eichner - Continuum Company
• Brokers: Scott Wadler, Michael Basinski, Mitch Sinberg, Matthew Robbins, Brad Williamson & Matt Jackson - Berkadia
• Loan Type: Construction
• Loan Terms: 30-month, floating-rate loan with a 12-month extension option

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.