Brief
Jeffrey Soffer and Barry Sternlicht Land $104M for Oceanfront Condo in South Florida
Jeffrey Soffer’s Fontainebleau Development and Barry Sternlicht’s Starwood Capital Group have secured $104 million in debt for an oceanfront condo project in Tequesta, Fla. BDT & MSD Partners took ov
Summary
Jeffrey Soffer’s Fontainebleau Development and Barry Sternlicht’s Starwood Capital Group have secured $104 million in debt for an oceanfront condo project in Tequesta, Fla.
BDT & MSD Partners took over a loan issued in 2022 with now just over $74 million in outstanding debt and increased it by about $29 million, according to public documents.
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Source
- Commercial Observercommercialobserver.com
