AVENTURA, FL-Loft Marina Ltd., a joint-venture partnership between the Miami-based firms of Fortune International and Shefaor Development, obtained $15.7 million in financing for the acquisition of an 8.2-acre waterfront site here and pre-development funding for Artech Residences in Aventura. The plans call for a 251-unit condominium complex that includes a clubhouse, fitness center and boat slips among other amenities. Total construction costs are estimated at $100 million, as GlobeSt.com previously reported.

The Miami office of Keybank Real Estate Capital was the lender, and Orlando Gelpi, SVP, and Carlos Moore, VP, led the financing effort. Manuel de Zarraga, executive managing director, and Ike Ojala, director, of the Miami office of Holliday Fenoglio Fowler, arranged the loan from Keybank. Terms of the financing were undisclosed.

Carlos Ott, which heads the Uruguay-based architectural firm by the same name, designed the building, which Eduardo Imery, Fortune�s VP of finance, calls a �landmark state-of-the-art design.� He says a majority of the units are pre-sold. Pricing ranges from the $400,000s for a 913-sf studio, to the mid-$600,000s for a 1,556-sf one-bedroom, two-bath, plus den unit, and to more than $1 million for 2,814-sf penthouses, which contain three bedrooms, three baths and a half-bath along with a den.

Aventura Real Estate

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