BH3’s first transaction as a firm in 2009, Terra Beachside is comprised of 117 unique condominiums encompassing 200,000 saleable square feet directly across the street from the beach on 60th Street & Collins Avenue in Miami Beach. BH3 acquired the $47 million non-performing senior construction loan in Q4 ’09 from Regions Bank and simultaneously took over ownership and control of the then-stalled construction which had been 70% completed. Throughout 2010 and 2011, BH3 completed construction and sold 100% of the condominium residences to end buyers.
Address: 6000 Collins Avenue, Miami Beach, FL
