Condo Construction | $20,662,504 | Miami, FL
The developers of the Arbor Coconut Grove, a boutique luxury condo project, closed a nearly $21 million loan to complete construction.
Property records show 3034 Oak Park LLC closed on the $20.7 million in financing, which adds to a $2.3 million bridge loan from 2017. Trez Forman Capital is the lender. Trez Forman President and CEO Brett Forman arranged the financing, according to a press release. Urban Atlantic Group, led by Nick Hamann, and Oak Ventures, led by Jeremy Waks, launched sales for the Arbor about two years ago with Douglas Elliman. The 48-unit building will be located behind CocoWalk.