MIAMI—We've been exploring this week how lenders are looking at financing for new condos in South Florida. We explored many questions, including “are capital markets all about relationship?” and “are lenders about to cool on Miami?”
Cohen Financial is offering some answers of its own with a mega construction loan for Muse in Sunny Isles, FL. The real estate capital services firm secured a $167.6 million loan for the high-end condo.
Kevin O'Grady and Daniel Sheehan, both senior managing directors, and Eric McGlynn, director of Cohen's Equity Practice, secured the loan with Delaware Life Holdings, a life insurance company owned by shareholders of Guggenheim Partners, the global investment and advisory firm. Property Markets Group (PMG) and S2 Development are developing Muse.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
