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Florida & Gulf Coast  + South Florida  + Apartments  |  August 27, 2024
Hallandale2
Mike Boyd
By: Mike Boyd

Mixed-Use Hallandale Developer Obtains $85M Refi

The developer of the Oasis Hallandale mixed-use project, Giuseppe Iadisernia, has successfully secured an $85 million construction loan for the 10-acre project’s first condo tower. The financing, provided by New York-based FBRED BDC Finance LLC, will fund the construction of the west tower and an accompanying parking garage.

Oasis Hallandale broke ground on the first of two 25-story towers in 2023. Designed by architectural firm Arquitectonica, the tower features 250 one- to four-bedroom residences. The west tower is slated for completion in 2025. Condo units range in size from 900 to 4,750 square feet, with prices from $675,000 to $4.4 million.

Located on 10.1 acres at 1100 E. Hallandale Beach Blvd., Oasis Hallandale is strategically positioned near the Village at Gulfstream Park, a horse racing, casino, and entertainment facility. The commercial component of the Oasis Hallandale project, which began construction in 2021, is already fully sold.

The general contractor for the Oasis Hallandale project is Hallandale Beach-based MGM Construction Group.

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Inside The Story

Giuseppe Iadisernia

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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