FINANCED
ConnectOne Bank Provides $55M Fixed-Rate Loan For Hallandale Beach Mixed-Use Property
501 Diplomat Parkway
Mixed-use
144,137 SF
144,137 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Mixed-use
144,137 sqft
The mixed-use property located at 501 Diplomat Parkway in Hallandale Beach has been involved in a recent loan transaction. The property spans over 130 acres and consists of 60 keys.
Summary of transaction details
- Asset Type: Mixed-use
- Address: 501 Diplomat Parkway, Hallandale Beach
- Market: Hallandale Beach
- Acres: 130
- Keys: 60
The loan for this transaction was provided by ConnectOne Bank, with a fixed-rate term. The total loan amount was $55,000,000. The property is owned by The Witkoff Group, represented by Steve and Alex Witkoff, and PPG Development, represented by Ari Pearl. The brokers involved in the deal were Dustin Stolly, Jordan Roeschlaub, and Nick Scribani from Newmark.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Ari Pearl, Jordan Roeschlaub, Steve Witkoff, Dustin Stolly, Alex Witkoff & Nick Scribani
DATE: 09/13/2021
ADDRESS: 501 Diplomat Parkway
MARKET: Hallandale Beach
ASSET TYPE: Mixed-use ~ ACRES: 130 ~ KEYS: 60
LENDER: ConnectOne Bank
LANDLORD: The Witkoff Group - Steve & Alex Witkoff; PPG Development - Ari Pearl
BROKERS: Dustin Stolly, Jordan Roeschlaub & Nick Scribani - Newmark
LOAN AMOUNT: $55,000,000
LOAN TERMS: fixed-rateView on map
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Address501 Diplomat Parkway
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