Kasowitz Client JDS Development Secures $137 Million Construction Loan for Monad Terrace in Miami

Kasowitz Client JDS Development Secures $137 Million Construction Loan for Monad Terrace in Miami

Kasowitz client JDS Development has secured a $137 million construction loan as part of the final funding for the Monad Terrace project in South Beach, Miami.  The loan will fully capitalize the 59-unit luxury condominium project, which is expected to be completed in 2019.

The Kasowitz team that represented JDS Development in this matter was led by partners Douglas B. Heitner and Albert J. Delgado, and included associate Erik Nygaard.