(l-r) Bilzin Sumberg partners Alexandra Lehson, Jay Sakalo and Jon Chassen in Miami. Courtesy photos
An opportunity zone project in Miami’s Overtown neighborhood made a $73.5 million leap forward with help from a trio of Bilzin Sumberg attorneys.
Partners Alexandra Lehson, Jay Sakalo and Jon Chassen in Miami secured the financing July 31 for the Soleste Grand Central apartment tower.
The financing came from two loans. Bank OZK, based in Little Rock, Arkansas, and formerly known as the Bank of the Ozarks, issued a $55.1 million mortgage. An additional $18 million mezzanine loan came from Columbus, Ohio-based Nationwide Life Insurance Co., a subsidiary of Nationwide Mutual Insurance Co.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
