Fortress Refinances Dania Design Center With $45M After Foreclosure Fight
Fortress Investment Group has refinanced the Design Center of the Americas in Dania Beach, Fla., following a nasty foreclosure fight with its previous owner, New York-based billionaire Charles Cohen. City National Bank of Florida supplied a $45 million loan backing the…
Fortress Investment Group has refinanced the Design Center of the Americas in Dania Beach, Fla., following a nasty foreclosure fight with its previous owner, New York-based billionaire Charles Cohen. City National Bank of Florida supplied a $45 million loan backing the…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine refinancing transaction following a foreclosure dispute, involving a $45 million loan in a specific commercial real estate asset; it has limited broader market impact or novelty for credit professionals.
Sources
Commercial Observer
Fortress Refinances Dania Design Center With $45M After Foreclosure Fight
Fortress Investment Group has refinanced the Design Center of the Americas in Dania Beach, Fla., following a nasty foreclosure fight with its previous owner, New York-based billionaire Charles Cohen. City National Bank of Florida supplied a $45 million loan backing the…