Ocean Land Investments, a Boca Raton, Fla.-based developer, has recruited United Capital Markets to underwrite and arrange a construction loan, possibly as much as $5 billion, to redevelop a 43-acre parcel of oceanfront land in Florida.

The development, yet unnamed, is expected to yield up to five million square feet of multifamily housing and generate between $4 billion and $5 billion in condominium sales. Plans for the upscale oceanfront project also call for a world-class hotel, a marina with more than 100 yacht slips, restaurants and high-end retail, which will be developed in phases over 10 to 15 years.

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