Simon Reuben & David Reuben Secure $132M Loan For Bal Harbour Hotel

The property involved in this transaction is a hotel located at 9703 Collins Avenue in Bal Harbour. The hotel has a total of 192 keys and 24 units. The transaction took place on November 30, 2020.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $132,000,000
• Market: Bal Harbour

The lender for this transaction was Mack Real Estate. The loan amount provided was $132,000,000, and the loan terms include a four-year term with a one-year extension option. The landlords involved in this transaction are David and Simon Reuben.