Edie Laquer scores $5.6M loan for St. Regis condos

Miami /
Jun.June 11, 2015 03:45 PM

Edie Laquer, one of Miami’s top commercial brokers, just took out a $5.6 million mortgage for two of her units in the St. Regis Bal Harbour.

The real estate veteran first purchased the condos for a combined $6.75 million in 2013, Miami-Dade property records show. Both were resales from investors who picked up the units from developer Starwood Hotels & Resorts Worldwide when the St. Regis opened in 2012.

The more expensive of the two is a three-bedroom, three-bathroom residence that cost Laquer $4.65 million. The other has one bedroom, one bathroom and carried a sale price of $2.1 million.

Laquer took out the financing from lender Morgan Stanley Private Bank, National Association, according to Miami-Dade County records. She had originally signed a $2.79 million mortgage for unit 500 —  the larger of the two — and rolled unit 502 into the mortgage a year later.

Laquer told The Real Deal that because she is a longtime client of Morgan Stanley for her market portfolio investments, she was able to obtain the funds from Morgan Stanley Private Bank at below market rates.

“Since I stopped brokering about four years ago and am expanding my personal real estate investments, refinancing my condos at the St. Regis Hotel at this time was a prudent opportunity for me to take advantage of,” she said.

Laquer has a litigious history in Miami’s real estate market, having sued previous partners and big name developers alike, including those of the massive Miami Worldcenter project.

Laquer started working in real estate roughly 36 years ago, and had a major hand in shaping the current face of Miami.


Related Articles

arrow_forward_ios
Diego Lowenstein, Dayssi Olarte de Kanavos, Paul Kanavos, and Ronny Ben Josef, with The The Sagamore (Credit: The Sagamore Hotel)

Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore

Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
Dina Goldentayer, Ryan Cohen and the Bal Bay Drive home (Credit: Kris Tamburello/Douglas Elliman)

Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer

Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
A renderings of the Shops at Sunset Place project and a rendering of the Surfside Town Center project

Voters decide South Miami, Surfside and Bal Harbour real estate referendums

Voters decide South Miami, Surfside and Bal Harbour real estate referendums
Laurent Ouazana and 224 Bal Bay Drive (Linkedin, Douglas Elliman)

French insurance firm CEO sells Bal Harbour mansion for $24M

French insurance firm CEO sells Bal Harbour mansion for $24M
122 Bal Bay Drive, Jerome and Debbie Falic (Credit: BILLY FARRELL/Patrick McMullan via Getty Images)

Duty Free Americas owners purchase another home in Bal Harbour

Duty Free Americas owners purchase another home in Bal Harbour
Louise Sunshine with 10225 Collins Avenue

Louise Sunshine buys oceanfront Bal Harbour condo

Louise Sunshine buys oceanfront Bal Harbour condo
Matthew Whitman Lazenby, Saks Fifth Avenue at Bal Harbour Shops (Credit: Sonya Revell)

Saks Fifth Avenue countersues Bal Harbour Shops for defamation

Saks Fifth Avenue countersues Bal Harbour Shops for defamation
148 Bal Bay Drive, Bal Harbour and Bent Philipson (Credit: Google Maps)

Healthcare mogul buys waterfront Bal Harbour home for $9M

Healthcare mogul buys waterfront Bal Harbour home for $9M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...