Shahab Karmely lands $103M loan for 2000 Ocean in Hallandale Beach

Shahab Karmely lands $103M loan for 2000 Ocean in Hallandale Beach December 21, 2018 Shahab Karmely’s KAR Properties just secured a $103 million construction loan for 2000 Ocean, a luxury condo tower in Hallandale Beach.

2000 S Ocean Dr, Hallandale Beach 2000 Ocean breaks ground! Shahab Karmely, founder and CEO of KAR Properties, celebrated the groundbreaking for 2000 Ocean, the developer’s new luxury oceanfront condominium in Hallandale Beach. Fortune International Group is handling sales at the 64-unit boutique project at 2000 South Ocean Drive. 2000 Ocean will rise as a 38-story glass tower designed by.

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Shahab Karmely lands $103M loan for 2000 Ocean in Hallandale Beach Apollo REIT is the lender for the 64-unit beachfront project

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Apollo Commercial Real Estate Finance, a New York-based real estate investment trust, is providing the financing for the 38-story, 64-unit beachfront project at 2000 South Ocean Drive. It’s the only.

Shahab Karmely’s KAR Properties has locked down a $103 million construction loan for the now under construction 2000 Ocean in Hallandale Beach. The financing is being provided by Apollo Commercial Real Estate Finance, a New York-based real estate investment trust.

The cement-pouring marathon from 2 a.m. to 3 p.m. on Saturday was one of the largest cement pours in Hallandale Beach in the last decade. Led by Shahab Karmely, KAR Properties expects to finish construction of 2000 Ocean in mid-2021. Architect Kobi Karp and Ten Arquitectos designed 2000 Ocean, a 38-story, 64-unit building with two swimming.