Closed! Represented the *confidential* buyer on the over $12 million dollar purchase of a luxury condominium unit at the Four Seasons Residences at The Surf Club in Surfside, FL. We have represented multiple purchasers at this beautiful development. Reach out if you ever want to connect, have any questions, or have an upcoming real estate... Continue Reading →
Closed! Represented the *confidential* purchaser on the $7.9 million purchase of two vacant, undeveloped lots in Tampa, FL within an existing development community. The purchaser will be developing on the lots a project consisting of over 250 combined condominium and townhome units and related clubhouse and amenities. Reach out if you ever want to connect,... Continue Reading →
Closed! Represented the sellers on the over $18.5 million sale of a single-family water-front home in Miami, FL in Sunset Islands. The sellers purchased the property for $6.7 million. This was one of several transactions for this seller group where we helped orchestrate complex transactions that involved negotiating and entering leases with options to purchase... Continue Reading →
Closed! Happy to be a part of the $14 million closing of a waterfront home in Coral Gables, FL. Be sure to check out The Real Deal article covering the closing! Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have... Continue Reading →
Closed! Represented the *confidential* Seller on the over $4 million sale of a luxury condominium unit at the Santa Maria Condominium in Brickell, FL. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills to... Continue Reading →
Closed! Represented the Lender on a $13.5 million predevelopment refinance bridge loan in Fort Myers, FL. The loan will help the borrower bridge its financing until it secures its construction loan on its exciting development project! Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or... Continue Reading →
Closed! Acted as local FL counsel on the $12 million loan collateralized by a multi-family apartment complex in Tampa, FL. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills to provide you with the... Continue Reading →
Closed! Represented the Borrower on a loan spreader modification of its existing $19 million loan on a bulk portfolio of condominium units in Orlando, FL. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills... Continue Reading →
Closed! Represented the purchaser on the $10.955 million purchase of a waterfront lot in Miami, FL. Be sure to check out The Real Deal article covering the closing! Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team,... Continue Reading →
Closed! Represented the Buyer on the $19 million acquisition of a bulk portfolio of condominium units in Tampa, FL. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills to provide you with the finest... Continue Reading →
Closed! Represented the Borrower on a $18 million refinance of a 56,000 square foot commercial office property in Downtown Miami, FL. The property is leased to Miami-Dade County Courthouse East. The lender on the deal was Banesco USA. Be sure to check out the article covering the closing! Reach out if you ever want to... Continue Reading →
Closed! Represented the Seller on the $114 million sale of Trellis at the Lakes, a multi-family apartment complex in St. Petersburg, FL. We represented the Seller on their original acquisition of the bulk condo units back in 2016 when they purchased for $80.85 million. Be sure to see the below links and check out all... Continue Reading →
Closed! Represented the Seller on the $650K sale of a commercial vacant lot in Wynwood. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills to provide you with the finest representation to lead all... Continue Reading →
Closed! Represented the *confidential* Borrower on a $3 million dollar refinance of a waterfront single-family home in Miami Beach, FL. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills to provide you with the... Continue Reading →
Closed! Represented the purchasers on the $9.5 million purchase of a single-family waterfront home in Miami, FL in the Venetian Islands. Be sure to check out The Real Deal article covering the closing! Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter.... Continue Reading →
Closed! Represented the *confidential* seller on the sale of a $1.5 million vacant lot in Miami, FL. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills to provide you with the finest representation to... Continue Reading →
Closed! Represented the Seller on the almost $33 million sale of Grand Pavilion Apartments, a multi-family apartment complex in Tampa, FL. We represented the Seller on their original acquisition of the bulk condo units back in 2016 when they purchased for $12.5 million. After acquiring all of the condo units, terminating the condominium regime, converting... Continue Reading →
Closed! Represented the purchaser on the $5.3 million purchase of an industrial property in Allapatah. The property is located at 1930 Northwest 23rd Street, Miami, FL and contains a 23,500 square foot industrial building leased to a produce company for a cold storage warehouse. Be sure to check out The Real Deal article covering... Continue Reading →
In this blog post, I cover how the COVID-19 pandemic may negatively influence your existing nonrecourse loans because of possible exposure under existing “bad boy” carveouts. Real estate professionals have always preferred structuring the debt on their properties with nonrecourse loans. A nonrecourse loan allows the lender upon default to only go after the underlying... Continue Reading →
Closed! Represented the seller on the $15.2 million purchase of a single-family waterfront spec mansion in Miami Beach, FL. The seller initially bought the property in 2016 for $8.2 million. After demolishing the home and building this new home, the property sold for almost double the initial purchase price. Be sure to check out... Continue Reading →
Closed! Represented the *confidential* Borrower on the modification of an $8 million mortgage on a luxury condominium unit in Fisher Island, FL. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter. We have the best team, experience, and skills to provide you... Continue Reading →
Closed! Represented the *confidential* sellers on the $650K sale of a condominium unit in Downtown Miami, FL. Another example of representing the client on the initial acquisition and then again on the sale. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or general corporate matter.... Continue Reading →
#TBT Closing! This week I am looking back at a deal in 2017 representing an international buyer group in their acquisition of a triple-net portfolio of 7-Eleven properties in Canada for a purchase price of over $35 million. This deal showed the capabilities of the firm to handle out-of-state (and this case out of country)... Continue Reading →
TBT Closing! This week I am highlighting the great job done by the real estate team at my firm, Meland Budwick, P.A., during the past 6 months. We have closed over 50 transactions totaling approximately over $250 million dollars! The COVID-19 pandemic affected almost all industries, including real estate. With the help of a great... Continue Reading →
In this blog post, I cover and comment on The Real Deal’s recent article that discusses the incentives being offered by Developers to South Florida Condo Buyers. The article discusses how for the past six months, due to the COVID-19 pandemic and over-supply of condo inventory, Condo Developers in South Florida have begun to offer... Continue Reading →
Closed! Represented the *confidential* buyer on the over $10 million dollar purchase of a luxury condominium unit at the Four Seasons Residences at The Surf Club in Surfside, FL. We went from contract to closing in 1 month. This is truly one of the more luxurious and beautiful condo developments in South Florida. Reach out... Continue Reading →
TBT Closing! This week, I am highlighting the $7.5 million dollar closing we had in January of 2018. We represented ESG Kullen, a New York real estate company, on their purchase of bulk condo units at Murano at Delray Beach. ESG bought 93 of the 275 units for about $81,000 a unit, with plans to... Continue Reading →
Closed! Represented the purchasers on the $6.7 million dollar purchase of a single-family waterfront home in Miami Beach, FL in Sunset Island III. Initially helped the purchasers lease the property with an option to purchase before closing on this deal. The purchasers will now complete construction of the spec home and plan to list the... Continue Reading →
Last week’s blog post covered whether your existing loan possibly allows for additional financing (see blog post). Consistent with that theme, in this blog post I cover a related as just as popular question I have been getting recently – is CPACE financing an option? Property Assessed Clean Energy (“CPACE”) financing is a unique type... Continue Reading →
Closed! Represented the *confidential* seller on the $950K dollar sale of a single-family home in Miami Beach, FL. This deal went from contract signing to closing in 1 month, even during these difficult times. All sides of the transaction made it possible! Reach out if you ever want to connect, have any questions, or have... Continue Reading →
As I continue to cover the experiences I have encountered in the real estate world relating to COVID-19 and how I have counseled my clients to handle same, the next few blog posts will focus on the lending market and finance related issues. In this blog post, I cover a question that has been asked... Continue Reading →
Closed! Represented the sellers on the over $14 million dollar sale of a single-family spec home in Miami, FL in Sunset Island IV. The sellers purchased the property for $7 million and then developed the spec home. The main house is a four-bedroom, four-and-a-half bath home and has a guest house with three bedrooms and... Continue Reading →
#TBT Closing! This week, I am highlighting the $20.5 million dollar closing we had in October of 2019. We represented the purchaser on their acquisition of a retail center in Orlando, Florida known as Tourist Plaza. The retail center is approximately 50,712 square feet and located on the famous International Drive. To read more about... Continue Reading →
Parties in Florida currently under contract using a FAR BAR form (from the Florida Association of Realtors) have been provided the opportunity to use a Coronavirus (COVID-19) specific Extension Addendum provided by the FAR. In this blog post, I summarize and explain the COVID-19 Extension Addendum to Contract (the “Addendum”) and provide guidance on best... Continue Reading →
Closed! 2 luxury condominium closings in the same building, One Park Grove Condominium. Represented the *confidential* buyers on each, both with a purchase price between $2-3 million dollars. This is a beautiful condo development that we have had deals close now from pre-construction contracts to more recent transactions. Hoping to keep doing more! Reach out... Continue Reading →
On July 30, 2020, the Financial Crimes Enforcement Network (FinCEN) issued its latest advisory on Cybercrime and Cyber-Enabled Crime Exploiting the Coronavirus Disease 2019 (COVID-19) Pandemic (see link to the advisory). In this blog post, I highlight the importance of the advisory and the need for the applicable parties (financial institutions, title companies, closing agents,... Continue Reading →
TBT Closing! This week, I am highlighting the $7.65 million dollar closing we had in April of 2018. We represented Arena Capital, a local South FL developer, on their sale of 990 and 970 West 49th Street in Hialeah, FL. The property contains two adjacent commercial buildings that combined are an approximate 9,700 square feet.... Continue Reading →
Closed! Represented the *confidential* Borrower on a $6 million dollar refinance of a waterfront single-family home in Miami Beach, FL. The client was able to refinance and take advantage of the historic low mortgage interest rates. Reach out if you ever want to connect, have any questions, or have an upcoming real estate transaction or... Continue Reading →
Following up on the introductory COVID-19 blog post from last week on rent deferrals for commercial leases (see link to article), I will continue to cover experiences I have encountered in the real estate world relating to COVID-19 and how I have counseled my clients to handle same. In this blog post, I cover how... Continue Reading →
Closed! Represented the *confidential* Buyer on the over $3.5 million dollar acquisition of a single-family home in Palm Beach, FL. One of my favorite features of this property is that it has direct access to a lake trail and beach. Reach out if you ever want to connect, have any questions, or have an upcoming... Continue Reading →
The coronavirus (COVID-19) pandemic has impacted all industries, including real estate. This is the first blog post in a series of blog posts describing some experiences I have encountered in the real estate world relating to COVID-19 and how I have counseled my clients to handle same. Because of businesses being closed, shutting down, or... Continue Reading →
When purchasing clients sign up new real estate deals, optimism is high and all parties involved are excited about the new transaction. Unfortunately, during the initial inspection/due diligence period, sometimes it is necessary to terminate the deal and move on. When this happens, it is very important that the client and the attorney representing the... Continue Reading →
One of the first topics I wanted to cover on this blog is the need for an attorney when either buying or selling a home. This is the question I get asked about the most from family, friends, and colleagues. The short answer is YES. You are better suited having an attorney represent you in... Continue Reading →
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