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Florida & Gulf Coast  + South Florida  + Apartments  |  November 2, 2026
130 Ocean Drive
Mike Boyd
By: Mike Boyd

Terra, Fortune Ink $220M Key Biscayne Condo Financing

Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, and Nicholas Gilhooley arranged the financing on behalf of the development team.

The financing marks the latest step in advancing plans for the 4.25-acre oceanfront property, which Terra and Fortune acquired for $205 million in 2025 in the largest land sale in Key Biscayne history. Preconstruction sales for the 56-unit condo development are expected to launch later this year.

Plans call for an ultra-luxury boutique condominium featuring spacious residences with panoramic ocean views and a collection of luxury amenities. It will be designed by Touzet Studio and ODP.

Read More News Stories About: Walker & Dunlop
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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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