Gencom, Fortune land $300M refi for Key Biscayne Grand Bay project
Karim Alibhai’s Gencom and Edgardo DeFortuna’s Fortune International Group are teaming up to combine two Key Biscayne waterfront sites, consisting of a Ritz-Carlton hotel and a private beach club. The partnership, led by Miami-based Gencom, secured a $300 million loan from New York-based Blackstone to refinance existing debt, fund a $100 million renovation currently underway […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
CNBC's UK Exchange newsletter: Holiday stocks still come with baggage
Federal judge blocks Trump’s attempt to fire Lisa Cook
Where Asians want to travel in Asia in 2025
Simone Biles Reveals Glimpse Inside Her Palatial Chicago Home as She Cheers on NFL Star Husband Jonathan Owens
Trump Vows To Expand Homeownership to Millions More American Families
Big-City Prices Hit Small Towns, Squeezing Out Homebuyers
Real Estate’s Richest Moguls Revealed—and Beloit Billionaire Diane Hendricks Soars to Top of the List, Eclipsing President Donald Trump
Homeownership among Black Americans drops to 4-year low
Paxton proposes 230-unit affordable housing complex in Princeton
Fannie Mae: Consumer housing sentiment slips in August
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131