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MIAMI BEACH, FLA. — Cronheim Mortgage has arranged a $125 million loan for Grand Beach Hotel, a full-service, 424-room oceanfront property in Miami Beach. The 10-year loan includes two years of interest-only payments and a 30-year amortization schedule. Grand Beach Hotel was completed in 2009 and is located along Collins Avenue, the main thoroughfare in Miami Beach. Amenities at the property include a bar, poolside restaurant and an exercise room. Anna Westhoff and Andrew Stewart of Cronheim arranged the loan.