Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach Maxim Capital is the lender
Excerpt from the Real Deal website: The Chetrit Group scored a financing lifeline for its long-planned Collins Park hotel redevelopment, The Real Deal has learned.
New York-based Chetrit landed a $62.5 million construction loan for the project, according to sources. Chetrit has owned the property for nearly a decade. Maxim Capital Group, which declined to comment, is the lender. Robert Verrone’s Iron Hound Management Company brokered the financing.