Estate Cos. Secures $75M Refi for FL Property
The owners secured the loan with support from Affinius Capital.
The Estate Cos., in partnership with Merrimac Ventures, has secured $75 million in refinancing for its Soleste Seaside mixed-use luxury rental apartment community in Dania Beach, Fla. Provided by Affinius Capital, the loan closed on Nov. 21.
Located at 4 N Federal Highway, Soleste Seaside is a steel-frame, elevator-served structure completed in July of last year. The Class A mixed-use community stands eight stories tall and features 340 rental residences comprised of one-, two- and three-bedroom units ranging in size from 600 to 1,200 square feet. The community also offers 12,800 square feet of ground-floor retail space.
Features and finishes of apartments include dual master suites, walk-in closets, full-size in-unit washers and dryers, digital locks and in most units, private balconies or patios. Outdoor grilling stations are among the common-area amenities offered at the multifamily community.
Higher education
Three commuter rail stations are situated within an eight-mile drive of Soleste Seaside, and Fort Lauderdale International Airport is less than four miles away.
Nearby shopping centers include Dania Shopping Center and Meadowbrooks Square Shopping Center, located within five- and seven-minute walks respectively. Among the parks and recreation in the area are John U. Lloyd Beach State Park, West Lake Park/Anne Kolb Nature Center, Secret Woods Nature Center, Museum of Discovery and Science and Buehler Planetarium & Observatory, all within a 15-minute drive.
READ ALSO: Miami Multifamily Report – October 2024
Three universities, including Florida Atlantic University, the Art Institute of Fort Lauderdale and Florida Atlantic University are within a 10-mile drive of Soleste Seaside.
Three hospitals and/or medical centers are reachable within an 11-minute drive of the community. They are Broward Health Medical Center, Memorial Regional Hospital and Aventura Hospital and Medical Center, each within 6.3 miles of Soleste Seaside. Earlier this month, OceanLand nabbed $96 million for Sixth & Rio, condominium development project in Fort Lauderdale.
