| Address: | 6700 Indian Creek Drive |
| City, State: | Miami Beach, Florida |
| Property Type: | Residential Condo/Garage |
| Year Built: | 2009 (80% Complete) |
| Units: | 98 |
| Parking Garage Spaces: | 453 |
| Ground Floor Retail SF: | 7,610 sqft |
| Acquisition Type: | Senior Note |
| Acquisition Date: | June 2011 |
Rok Acquisitions and Tate Capital executed a contract with the seller to acquire the first mortgage on NoBe Bay and Indian Creek Parking Garage. The property contains a partially complete 98-unit condominium tower and a separate 6 story parking garage. The property is located at 6700 Indian Creek Drive, Miami Beach, Florida. Prior to closing, the venture sold the contract for a substantial profit. Terms of the deal are protected under a confidentiality agreement.