Privé Condo Project Begins Closings

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Excerpt from The Real Deal: Developers BH3 and Gary Cohen are recording closings at the luxury Aventura condo complex, property records show. And they expect the two-tower, 160-unit project to sell out for about $500 million, BH3’s Daniel Lebensohn said.

The developers financed construction with two loans: $102 million from Maxim Capital and Prophet Capital Asset Management and another $25 million from Maxim.

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