Miami Beach, FL $11,000,000 7,000 Sq. Ft. Waterfront Residential Acquisition & Construction
Knighthead provided an $11,000,000 loan to be used toward the acquisition and construction of an approx. 7,000 Sq. Ft. waterfront luxury residence, with southern exposure, on San Marino Island in Miami Beach. When complete, the property will be marketed for sale. The loan was underwritten to 64% of completion value.