Tom Brady Secures Construction Loan for New Residence at Indian Creek
Seven-time Super Bowl champion Tom Brady obtained a $35 million construction loan for his residence in Indian Creek.
In late 2020, Brady and his then-wife, supermodel Gisele Bündchen, bought the parcel at 26 Indian Creek Island Road. Brady retired from the NFL for the second and final time this year. They paid $17 million for the almost 2-acre beachfront property through an LLC run by officials of Fontainebleau Development. Developer Jeff Soffer, owner of Fontainebleau Development, and Brady are close friends.
In order to start development on the land, Fontainebleau Development submitted two notices of commencement in 2021. According to the documents, Brady intends to build a two-story residence with a security building, gym, cabana, pool, sport court, emergency generator, and more.
Brady obtained the loan from JPMorgan Chase using a covert LLC. According to the mortgage records, the initial lender was San Francisco-based First Republic Bank. First Republic was taken up by the Federal Deposit Insurance Corp. in May and sold to JPMorgan Chase. It was the second-largest bank failure in American history.
Brady’s loan has a starting 8.25 percent yearly interest rate while it is being built. When it expires in June 2025, the borrower will probably refinance.
In South Florida, Brady and Bündchen intend to co-parent their children after announcing their divorce last year. They lived close in a four-bedroom, 4,300 square foot lakefront property at 29 Indian Creek Island Road before getting divorced. Brady then signed a lease for an opulent condo at the Surfside Fendi Château Residences project.
We’re not too far from Bündchen. Records reveal that in October, she paid $11.5 million via a trust for a seaside demolition at 1400 Biscaya Drive in Surfside. Brady is building a mansion on Indian Creek across the lake from the 6,600-square-foot home, which was completed in 1981 on a 0.4-acre property.
Billionaires Ivanka Trump and Jared Kushner, who spent $24 million two years ago to purchase a waterfront property on the island, billionaire Carl Icahn, billionaire hedge funder Eddie Lampert, Taubco CEO Irwin Tauber, billionaire Hotels.com co-founder Bob Diener, and billionaire IndiGo airline co-founder Rakesh Gangwal also reside in the small, gated community of Indian Creek.
Exclusive: Tom Brady and Gisele Bündchen’s Indian Creek Waterfront Mansion Construction Update
After 13 years of marriage, Tom Brady and Gisele Bündchen announced on Oct. 28 2022 that they officially divorced putting a pause on construction of their 5,000+ square foot teardown located on Indian Creek.
The Billionaire Bunker residence on Indian Creek Island was originally purchased by the couple in 2020, but their divorce was only finalized in late 2022. The estate, which sits atop a plot of land in the “world’s most exclusive municipality,” is arguably the most noteworthy of Tom Brady’s residences. It is one of just 34 properties with waterfront views of Biscayne Bay that are offered across 300 acres in South Florida’s Atlantic region.
The house was one of the nicest in the world, and Tom and Gisele were planning to live there forever with their kids, Benjamin Rein and Vivian Lake Brady. Although they are no longer together, the Tampa Bay Buccaneers quarterback has reportedly continued to develop and refurbish the property, according to The Daily Mail(opens in new tab).
Aerial images recently obtained by the British publication reveal that “production has advanced dramatically” since its initial inspection of the house in September 2022. To begin with, Tom and Gisele demolished a 5,772-square-foot house with the intention of building a contemporary, eco-friendly mansion on the property.
Gisele, a Goodwill Ambassador for the United Nations Environmental Program since 2009, knew she had to build an eco-friendly home.
Together with solar panels, an organic garden, a yoga deck, a cabana, and a sizable outdoor kitchen, the new estate will also contain these features.
Gisele Bündchen bought a lavish Florida home that is situated directly across the water from Tom’s mansion as he continues to develop. She also covertly paid $1.3 million for a cottage in Florida, which she began to remodel last year. Billionaires Bunker is close to her new residence (likely convenient for co-parenting with her former husband).
Ivanka Trump, Jared Kushner, and billionaire businessman Carl Icahn are some of the other noteworthy residents. Whenever building is finished, Tom Brady will live next to Icahn.
Tom Brady Revealed as the Keynote Speaker at the eMerge Americas 2023 Conference in Miami Beach
The keynote speaker for eMerge Americas 2023 will be the recently retired football legend, Tom Brady.
On the opening day of the conference, the seven-time Super Bowl winner and businessman will offer his business views during a moderated chat. On April 20 and 21, the technology summit will be held at the Miami Beach Convention Center.
Brady is the founder of the NFT firm Autograph and the owner of the health and wellness brand TB12. Autograph earned $170 million in a series B transaction that was completed in January 2022. In 2024, he is scheduled to begin working as a pundit for Fox Sports.
After 23 seasons in the NFL, Brady announced last week that he is quitting the game. The announcement was made a year after he made his initial retirement announcement, which he then reversed six weeks later.
With the aim of making Miami the innovation hub of the Americas, eMerge Americas was established in 2014. It brings together investors, venture capital firms, and entrepreneurs in the technology sector. More than 20,000 people from 4,000 enterprises and 50 nations attended the event in 2022.
A platform with venture capital backing called eMerge Americas is working to make Miami the innovation capital of the Americas. The eMerge flagship event, which debuted in 2014, is an annual international tech conference that draws over 20,000 participants from 50 countries and over 4,000 distinct participating organizations.
It is held in the Miami Beach Convention Center. Along with the annual conference, eMerge also plans and hosts executive summits, innovation challenges, startup pitch competitions, masterclasses, webinars, and publishes venture activity and investment insights reports throughout the year. For the past ten years, eMerge has worked to create the South Florida entrepreneurial and technological ecosystem by acting as a catalyst for investment and innovation across the Americas. For additional information, go to www.emergeamericas.com.
A number of events related to the technology sector will take place in the spring, including the React Miami 2023 summit and the Bitcoin 2023 conference for cryptocurrency aficionados.
