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New York Life Real Estate Investors Provides $97M Construction Loan For Multifamily Property In Sunny Isles Beach

100 Kings Point Drive
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This MultiFamily property located in FL received a loan of $97,000,000 almost 4 years ago. The brokers of the deal were Christopher (Chris) Apone and Charles Foschini

The property involved in this closed transaction is a multifamily asset located at 100 Kings Point Drive in Sunny Isles Beach. The property consists of 256 units. The lender in this transaction was New York Life Real Estate Investors, and the landlord is The Brunetti Organization. The brokers involved in the deal were Charles Foschini and Christopher Apone.

Summary of transaction details:

  • Property Type: Multifamily
  • Loan Amount: $97,000,000
  • Loan Terms: 15-year, fixed-rate permanent construction loan with five years interest only
  • Address: 100 Kings Point Drive
  • Market: Sunny Isles Beach
  • Lender: New York Life Real Estate Investors
  • Landlord: The Brunetti Organization
  • Brokers: Charles Foschini & Christopher Apone
  • Units: 256

Charles Foschini and Christopher Apone represented their respective parties in the transaction as brokers.

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Deals
  • Location
    100 Kings Point Dr, Sunny Isles Beach, FL 33160, USA100 Kings Point Dr, Sunny Isles Beach, FL 33160, USA
  • Loan Value
    $97,000,000$97,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Christopher (Chris) Apone

Christopher (Chris) Apone

Deals35
Financed$1.8B

Charles Foschini

Charles Foschini

Deals42
Financed$2.3B

Agency

Berkadia

Berkadia

Agency
Deals1087
Volume$45.7B

New York Life

New York Life

Lender
Deals19
Volume$ 166.1B

Deal Summary

LOAN IMAGE: Charles Foschini (@GladesMan1) & Chris Apone DATE: 06/10/2020 ADDRESS: 100 Kings Point Drive MARKET: Sunny Isles Beach ASSET TYPE: Multifamily LENDER: New York Life Real Estate Investors LANDLORD: The Brunetti Organization BROKERS: Charles Foschini & Christopher […] LOAN AMOUNT: $97,000,000 LOAN TERMS: 15-year, fixed-rate permanent construction loan with five years interest only UNITS: 256

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100 Kings Point Drive

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