Finvarb Group And Chahine Investment Group Secure $44.6M Construction & Mezzanine Loan For Miami Beach Hotel

The hotel located at 1685 Washington Ave in Miami Beach has been involved in a recent transaction. The property is owned by the Finvarb Group, represented by Ronny Finvarb, and the Chahine Investment Group, represented by Agathe Chahine.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $44,600,000
• Loan details: Construction & Mezzanine Loan provided by Banesco USA
• Landlord: Finvarb Group - Ronny Finvarb & Chahine Investment Group - Agathe Chahine

The lender, Banesco USA, provided a loan of $44,600,000 for the construction and mezzanine financing of the hotel property at 1685 Washington Ave in Miami Beach. The loan will support the development and improvement of the hotel, contributing to the growth and enhancement of the local hospitality industry.