Related Group, BH add to their Hollywood pipeline with $360M construction loan

The Pérez family’s Related Group and Isaac and Liat Toledano’s BH Group secured $360 million in construction financing for their Icon Beach Waterfront Residences, a two-story luxury condo project in Hollywood.  Adi Chugh’s Tyko Capital is the lender, according to a news release. The loan adds to a pipeline of construction financing developers have secured for condo projects across South Florida this year.  Icon Beach, a planned 350-unit, 31-story development at 3210-3690 South Ocean Drive, is set to begin construction in May, according to the release. It could be completed in 2028.  The twin-tower project is designed by Cohen Freedman […]This article originally appeared on The Real Deal. Click here to read the full story.