$380 Million Construction Loan Secured By Andrew Kurd, Chris Schlank, Nick Bienstock For Multifamily Asset In West Palm Beach

The property involved in the transaction is a multifamily asset located at 1919 North Flagler Drive in the West Palm Beach market. It encompasses a total square footage of 1,009,695 and is associated with a construction loan amounting to $380,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $380,000,000
• Loan Type: Construction
• Lender: One Investment Management; Sculptor Capital Management; Octo Capital Management; Zeckendorf Development
• Landlord: Andrew Kurd, Chris Schlank, Nick Bienstock - Savanna
• Brokers: Adam Doneger, Nick Scribani, Adam Spies, Jordan (Jordy) Roeschlaub, Jonathan Firestone & Christopher (Chris) Kramer - Newmark

The transaction involved key individuals including Andrew Kurd, Chris Schlank, and Nick Bienstock, who represented Savanna as the landlords. The brokerage team from Newmark played a significant role in facilitating the deal, comprising Adam Doneger, Nick Scribani, Adam Spies, Jordan (Jordy) Roeschlaub, Jonathan Firestone, and Christopher (Chris) Kramer.