Eichners’ Continuum, Turkish partner score $350M financing for North Bay Village project
The Eichner family’s Continuum Company secured $350 million in financing for their mixed-use district planned in North Bay Village. The debt, which includes $261 million in construction financing for the first phase and $83 million in predevelopment financing for the second phase, marks the largest financing package in North Bay Village, according to a news release. New York-based S3 Capital is the lender. Continuum is partnering with Erdal Aksoy’s Aksoy Holding, a Turkish conglomerate with holdings in oil, gas, hospitality and real estate, on the project. Continuum secured approval last summer from the North Bay Village Commission for a special […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131