Miami Beach, FL $8,500,000 ~6,500 SF Residential Construction

Knighthead Funding provided an $9,000,000 first mortgage construction loan to construct a  ~6,500 SF single-family residence on a ~10,500 SF waterfront lot on Di Lido Island (Venetian Islands) in Miami Beach, FL. The loan was underwritten to ~55% “as-complete” value.