Lionheart Strategic Management, an SEC-registered investment advisor formed in 2017 as the asset-management affiliate of Fisher Brothers, has provided a $45 million mezzanine loan to Two Roads Development, backed by a $105 million senior mortgage loan from Bank OZK. The financing will be used to fund the acquisition of an existing condominium in the Edgewater neighborhood of Miami in preparation for the future development of an ultra-luxury branded residential development on the property.
“This closing signifies our bullish investment thesis in South Florida development and the Miami market in particular,” said Andy Klein, managing director and co-head of investments at Lionheart Strategic Management. “We are continuously seeking high-quality investment opportunities in growth markets, and this property’s irreplaceable waterfront views and proximity to Brickell, Downtown Miami, Wynwood, the Design District and Miami Beach present an undeniably attractive value proposi