The senior debt was purchased by the mezzanine debt holder. This parcel of land is a total of 61,000 sq ft, has 300 sq ft frontage on the Kennedy Causeway and 300 sq ft frontage on Biscayne Bay. The site has been approved for a 22 story high rise buildings with 94 residential units, 10 boat slips, 2500 sq ft of commercial space and 32,407 sq ft of parking. The lender has stated they want $2MM for the property.