Bank Underwrites Two Mega Loans

Corus Bank has closed two loans for a combined $236.15 million. One is a $106.15 million loan to CityMark Juhl to finance the construction of a condominium project located in Las Vegas.

An affiliate of Fortune International and Shefaor Development received a $130 million loan to finance an 8-story condominium development in Aventura, Fla. The six-building Las Vegas condo project will feature 341 residential units plus 7,000 sq. ft. of ground floor retail space.

“We are excited to enter into our first deal with CityMark development,” says Keith Gibbons, first vice president of Corus Bank. “They have put together an innovative project that will enhance the redevelopment of the Downtown Las Vegas area. Sales to date have been very encouraging, and we look forward to working with them on a successful project.”

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