Auberge Beach Residences, Fort Lauderdale, FL
Project details
Project: Auberge Beach Residences, Fort Lauderdale, FL - Financial Advisor on Loan Restructuring and Recapitalization
Services: Loan restructuring, project development plan review, market assessment, underwriting analysis, loan recovery analysis, and recapitalization strategy.
Features: 171-unit luxury branded condominium residences in two towers, featuring the "Dune" fine dining restaurant, spa, and expansive recreational and resort-like amenities.
Assignment Profile
REH assisted the real estate arm of a global insurance company in a strategic evaluation of a defaulted development loan obligation pertaining to the planned Auberge Residences, a 171-unit luxury beachfront condominium project in Fort Lauderdale, FL, and advised on loan workout and restructuring strategies leading to a successful restructuring and recapitalization of the project prior to commencement of vertical construction.