Arrow Real Estate Advisors arranges $85 million construction loan for 222-unit luxury condominium development in Miami Beach
Miami Beach, FL Arrow Real Estate Advisors arranged an $85 million construction loan on behalf of Northlink Capital for the development of 7200 Collins Ave., a 222-unit luxury condominium project.
The financing, provided by Deutsche Bank, refinances existing debt and will fund the ground-up construction of the 12-story, 274,150 s/f residential tower through completion.
Located at the intersection of Collins Ave. and 72nd St. in the North Beach neighborhood, the development features 150 ft. of frontage along Collins Ave. and is positioned to meet growing demand for luxury residences at more attainable price points within the market.
The project will offer a collection of efficiently designed studio-, one-, and two-bedroom residences with an average unit size of 489 s/f. Approximately 81% of the residences are priced below $1 million, providing an accessible opportunity for primary and secondary homebuyers, as well as investors seeking a luxury, amenity-rich property in one of South Florida’s premier coastal destinations.
Residents will enjoy interiors curated by Adriana Hoyos Design Studio, private terraces, nine-foot ceilings, custom Italkraft kitchen cabinetry, and Bosch appliances. Amenities will
span three levels and include the exclusive 7200 Collins Beach Club, a resort-style swimming pool, fitness center, curated ground-floor retail and food and beverage offerings, landscaped rooftop sundecks, and additional wellness and lifestyle amenities.
The development has demonstrated significant market demand, with contracts executed for 213 of the project’s 222 residences — 96% of the building — as of closing. The substantial buyer deposits generated through presales provide meaningful support for the development.
Arrow Real Estate Advisors’ Morris Betesh, Alex Bailkin, and Matt O’Hanlon arranged the financing.
“7200 Collins brings efficiently designed, accessibly priced residences to one of North Beach’s premier oceanfront locations,” said Betesh. “With 96% of units under contract at closing, the project reflects strong buyer demand, and we’re pleased to have arranged the construction financing to help bring this exceptional development to completion.”