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Chateau Ocean Residences

Thursday, April 03, 2014

Developer Chateau Group obtained a $45 million loan for its Chateau Ocean Residences project in Surfside.

The Argentine firm received the mortgage from Israel’s Bank Hapoalim on March 21, according to Miami-Dade County records. Chateau has the ability to obtain future advances of up to $90 million from the bank over the next 20 years. It began construction on the 12-story, 58-unit building in February.

Chateau Ocean is located at 9380 Collins Avenue. Manuel Grosskopf, who runs Chateau Group, said that half of the project’s units are reserved. The company is also close to finishing construction of the 84-unit Chateau Beach in Sunny Isles Beach.

If you are interested in owning an ocean front real estate please give me a call (914) 400 9613

 

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