Search
 

The Collins Gets $39M in Funding Commitments

MIAMI-Holliday Fenoglio Fowler LP arranged the two-year, adjustable-rate acquisition, renovation and conversion loan through Ohio Savings Bank and the mezzanine loan through Fidelity Investments.

By Melissa Bogdany | Updated on February 25, 2003

MIAMI-The total loan amount to acquire, renovate and convert the 34-year-old Victorian Plaza in North Miami Beach, FL into The Collins–a 229-unit condominium complex–has been tagged at $39 million.

Senior director Robert Kaplan of the Miami office of Holliday Fenoglio Fowler LP, a national commercial mortgage banking firm, arranged the two-year, adjustable-rate acquisition, renovation and conversion loan on behalf of the developer, Karlton Properties, through Ohio Savings Bank. Kaplan also arranged a mezzanine loan for the developer through Fidelity Investments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.