Invesca scores $102M construction loan for two SoFla apartment projects
Invesca scored a $102 million loan from Madison Realty Capital for two South Florida multifamily projects during the coronavirus...
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Embattled Costa Hollywood Resort files for bankruptcy
The troubled Costa Hollywood Resort in Hollywood Beach filed for Chapter 11 bankruptcy protection five months after its lender...
Penn-Florida scores $225M construction loan for Mandarin Oriental condos in Boca
Penn-Florida Companies secured a $225 million construction loan for The Residences at Mandarin Oriental in Boca Raton from Madison...
Menin Development borrows $72M to build boutique hotel in downtown Delray
South Florida real estate developer Menin Development landed a $72 million loan to finance construction of The Ray, a...
Lender files foreclosure suit to seize unsold units at new condo-hotel in Hollywood
A lender that financed construction of a Hollywood condo-hotel in Hollywood filed a foreclosure lawsuit against the developer claiming...
A Russian oligarch’s guide: How to hide $20M in a NYC skyscraper
A former banana importer, a fraudster deported from the United States and the co-owner of a major Russian telecommunications...
Planned redevelopment of former INS location in Miami draws $26M loan
Developers planning to redevelop a former home of the U.S. Immigration and Naturalization Service (INS) in Miami borrowed $26...
Riva Fort Lauderdale closes on $65M construction loan
Developer Bradley Deckelbaum closed on a $65 million construction loan for Riva, a 15-story condo tower under construction in Fort...
New private equity fund enters market
From the New York Web site: Amidst harsh credit requirements and financial uncertainty, some smaller entities are trying to gain market share by offering instant liquidity for perplexed borrowers. A good technique, according to...
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