Morrison Cohen Client Flow Secures $155M to Finish Miami Condos
Congratulations to Morrison Cohen client Flow, the residential real estate company founded by former WeWork CEO Adam Neumann, on securing a $155 million loan from Invictus Real Estate Partners and other lenders. The financing supports Flow House, a 40-story, 466-unit development located at 697 North Miami Avenue in the downtown Miami Worldcenter area. As construction nears completion, the project will transition from rentals to condominiums.
Morrison Cohen represented Flow in the transaction, with Partner Jonathan Margolis and Associate Savannah Holzwarth leading the deal team.
The story received broad media coverage, including in The Real Deal, Law360 and Commercial Observer. Subscribers to The Real Deal may read more here.
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Our Real Estate Practice is one of New York’s most prominent real estate practices, representing clients in the leasing, purchase, sale, development and financing of commercial, industrial, development and residential properties.
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Our Real Estate lawyers have a considerable depth of experience representing owners and developers in financing transactions in New York and throughout the United States. Such transactions have involved multi-tenanted office buildings, shopping centers, industrial properties, hotels, single-tenant net leased properties and residential properties.
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