Holland & Knight partner Judi Kreitzer represented Wells Fargo as its agent for a group of lenders involved in a $340 million construction loan for developer Tibor Hollo's ambitious Panorama Tower in Miami.
The 83-story tower will be the tallest skyscraper on the eastern seaboard south of New York. The mixed-use project at 1101 Brickell Ave. includes 821 apartments, 208 hotel rooms, more than 50,000 square feet of retail and restaurant space, and a 19-story pedestal with more than 100,000 square feet of medical office space and a teaching facility. The $800 million project, which is raising 20 percent of its funding from foreign investors through the EB-5 visa program, is expected to be finished in 2017.
Kreitzer said her relationships with Hollo, his family-run company, Florida East Coast Realty, and Wells Fargo helped the loan closing go smoothly.
"I have represented banks where the Hollos were on the other side for 20 years," she said. "I have done a number of deals between Wells and the Hollos. That made it interesting."
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