SUNNY ISLES BEACH, FL-Through Wachovia Bank, a syndicate of 12 banks has provided developers of Trump Towers with a $345-million construction loan for Towers II and III of the three-building condo complex on Collins Avenue. The developer is a partnership among the Trump Organization and Dezer Development, which are both based in New York, and the Miami-based Related Group of Florida.

According to a spokeswoman for the partnership, this funding follows a loan of nearly $150.5 million that was secured from Wachovia in September 2005 for Tower I. Ground has broken for Towers I and II, both of which are 100% pre-sold, she says, and Tower III will break ground this summer. "It is substantially sold out, with a few unit sales pending," she tells GlobeSt.com. The partnership declined to disclose a construction cost, and Wachovia declined to disclose terms of the loan.

The complex contains 813 units, split evenly among the three 45-story towers, which are located along 900 linear feet of beachfront at 16001, 15901 and 15801 Collins Ave., flanked by the Atlantic Ocean and the Intracoastal Waterway. Units range in size from 1,500 sf to 3,000 sf under air. Prices begin in the mid-$600,000s and reach to above $3 million. The architect is Miami-based Sieger Suarez, and Hirsh Bedner Associates is the interior designer.