(To read more on the debt and equity markets and themultifamily market, click here.)
MIAMI BEACH-The 391-unit Trump Royale condominium project hasreceived a $210-million construction loan. The 55-story project isat 18201 Collins Ave. in Sunny Isles.
The borrower in the transaction was Royale Florida EnterprisesInc., whose principals include Michael and Gil Dezer, of NewYork-based Dezer Development. The financing was arranged by BilzinSumberg's Real Estate Group partner Carey Stiss and associate JasonMyers on behalf of the lender Merrill Lynch Capital, a division ofMerrill Lynch Business Financial Services Inc. Kevin Rostowsky, wholeads Merrill Lynch's southeast division in Atlanta, was theprincipal lender contact for the transaction. The closing date ofthe loan was June 28.
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