Cottonwood provided mezzanine financing for the 250-unit luxury development.
Developer Giuseppe Iadisernia has secured a $50 million mezzanine loan for the East Tower at Oasis Hallandale, a 25-story luxury condo development with 250 units in Hallandale Beach, Fla. Cottonwood Group provided the loan in a transaction arranged by WD Capital Group.
The note adds to the senior financing backing the development. S3 Capital issued a $112 million construction loan for the East Tower last May and the developer broke ground on the project a few months later.
The property is one of the two 25-story condo buildings totaling 500 units. The high-rises represent the third phase of Oasis Hallandale, in the works since 2023. The West Tower topped out in early 2025, with completion expected this year, while the East Tower topped out in this March and is expected to be delivered in 2027. MGM Construction Group serves as general contractor…