Fortune, Château score $463M loan for St. Regis Sunny Isles

Edgardo Defortuna’s Fortune International Group and the Grosskopf family’s Château Group secured a $463 million loan package for the St. Regis Residences, Sunny Isles Beach, marking one of the largest loans to close in the beachfront city.  Madison Realty Capital is providing the financing, according to a news release. It refinances existing debt backing the two-tower luxury condo development at 18801 Collins Avenue, including loans provided by Bank OZK dating back to 2020. In April, the developers closed on $113.8 million in construction financing from City National Bank.  New York-based Madison is led by managing principals Brian Shatz, Josh Zegen […]

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