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Bank OZK Provides $119M Loan For Development Site In Sunny Isles Beach

18801 Collins Avenue
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This Development Site property located in FL received a loan of $119,000,000 almost 4 years ago. The brokers of the deal were Christopher (Chris) Kramer, Dominick Calisto, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub

A development site located at 18801 Collins Avenue in Sunny Isles Beach has been involved in a closed transaction. The property, owned by Fortune International Group and Château Group, was the subject of a deal facilitated by brokers Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Edgardo Defortuna.

Summary of transaction details

  • Property Type: Development site
  • Loan Amount: $119,000,000
  • Units: 490
  • Building Square Footage: 1,150,000
  • Address: 18801 Collins Avenue
  • Market: Sunny Isles Beach

The lenders involved in the deal were Bank OZK. Edgardo Defortuna, representing Fortune International Group, and Château Group played the role of landlords in the transaction. The brokers, Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Edgardo Defortuna, worked on behalf of the involved parties to finalize the deal.

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Deals
  • Location
    18801 Collins Ave, Sunny Isles Beach, FL 33160, USA18801 Collins Ave, Sunny Isles Beach, FL 33160, USA
  • Loan Value
    $119,000,000$119,000,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    5 Brokers, 1 Agency, 1 Lender5 Brokers, 1 Agency, 1 Lender

Agents

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Dominick Calisto

Dominick Calisto

Deals4
Financed$564.6M

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Nick Scribani

Nick Scribani

Deals98
Financed$14.6B

Agency

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

Bank OZK

Bank OZK

Lender
Deals77
Volume$ 338.9B

Deal Summary

IMAGE: Jordan Roeschlaub, Dustin Stolly, Chris Kramer, Nick Scribani & Edgardo Defortuna DATE: 05/04/2020 ADDRESS: 18801 Collins Avenue MARKET: Sunny Isles Beach ASSET TYPE: Development site LENDER: Bank OZK LANDLORD: Fortune International Group – Edgardo Defortuna, Château Group BROKERS: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer & […] LOAN AMOUNT: $119,000,000 UNITS: 490 BSF: 1,150,000

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18801 Collins Avenue

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