Bilzin Sumberg Helps With $340M Miami Construction Loan

By Andrew McIntyre (December 13, 2021, 5:36 PM EST) -- A Silverstein Properties lending arm has provided $340 million in construction financing for a mixed-use project in Miami, Bilzin Sumberg-counseled developer Royal Palm Cos. announced Monday.

The loan from Silverstein Capital Partners is for Legacy Hotel & Residences, which is slated to have a mix of hotel, residential and retail space across 50 stories. The loan is the first "major" South Florida construction loan Silverstein Properties has provided, Royal Palm said Monday.

"To come together as [Silverstein breaks] into the South Florida market for the first time with one of the largest loans in Miami history is reflective of potential of...

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