David Martin scores $410M loan for Well-branded Coconut Grove condos
David Martin scored a $410 million construction loan for his second Well-branded condo project, a 194-unit development slated to open in 2028. Martin’s Terra teamed up with Miami Beach-based AB Asset Management, led by Getzy Fellig and Sam Zalmanov, for the eight-story Well Coconut Grove planned at 2835 Tigertail Avenue, according to a news release. Tyko Capital, a New York-based real estate firm backed by Elliott Investment Management, provided the financing. Tyko has funded construction loans for some of Martin’s other projects in South Florida, including his planned Mr. C Hotel & Residences West Palm Beach. The Well Coconut Grove […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Tribal knowledge built this business. It can’t carry it.
The timing tax: How America’s rent calendar punishes the workers it should protect
Why your best agents leave (and the conversations you should be having now)
How much will mortgage rates fall with the Iran deal and Fed week?
Inside the Biggest Celebrity Real Estate Dramas—From Ivanka and Jared’s $1.4 Billion Resort Uproar to Katy Perry’s Montecito Mansion Fight
The $5,000 Hidden Summer Fee Owners of Older Homes Forget To Budget For
Louisville Sees 33% Surge in Homes on Market as Sellers Flood Back In
South Florida Dirt: Inside the first week of broker George Pino’s trial
Glass-Walled House Perched on a Giant Lakeside Rock Makes It Feel Like You’re ‘Living in the Water’
Why the Luxury Golf Club Lifestyle Has Become the Ultimate Real Estate Status Symbol
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131