NOBE BAY

Rok Acquisitions and Tate Capital executed a contract with the seller to acquire the first mortgage on NoBe Bay and Indian Creek Parking Garage. The property contains a partially complete 98-unit condominium tower and a separate 6 story parking garage. The property is located at 6700 Indian Creek Drive, Miami Beach, Florida. Prior to closing, the venture sold the contract for a substantial profit. Terms of the deal are protected under a confidentiality agreement.

Address
6700 Indian Creek Drive Miami Beach, FL
Property Type
Residential Condo/Garage
Year Built
2008
Units
98
Parking Garage Spaces
453
Ground Floor Retail Sqft
7,610 sqft.
Acquisition Type
Senior Note
Acquisition Date
June 2011
Disposition Date
N/A

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