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Florida & Gulf Coast  + South Florida  + Finance  |  December 2, 2021
1212 Aventura near Miami, FL
Lisa McDuffie
By: Lisa McDuffie

Aventura Development Underway with $84M Refinancing by Colliers

Colliers has closed on an $83.8-million refinancing of a mixed-use development, 1212 Aventura, consisting of 163-units of luxury assisted living, 29,684 square feet of retail and 25,796 square feet of medical offices in the Miami metro city of Aventura, FL.

The development has prominent frontage on Biscayne Avenue and is in immediate proximity to Aventura Hospital, a significant South Florida medical facility.

The Colliers team of Jeffrey Donnelly and Dmitry Levkov is also mid-closing on a $29 million refinancing of a hotel located adjacent to 1212 Aventura. Both projects are developed by Reiber Development and are the first two phases of multi-city block, multi-phase, master-plan development.

Miami-based BridgeInvest provided the $63.5-million senior construction loan for 1212 Aventura. A $20.3 million mezzanine loan was provided by an overseas lender.

“This was not an easy financing, for a variety of reasons, but not the least of which was weaving in an overseas mezz investor,” said Levkov.

Read More News Stories About: Colliers
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Inside The Story

Colliers' Levkov

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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