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Tag: Construction Loans

Developer scores M construction loan for apartments near North Miami, marking one of the first Live Local Act financings
Business

Developer scores $17M construction loan for apartments near North Miami, marking one of the first Live Local Act financings

August 1, 2024August 1, 2024

Daniel Abreu scored a $16.5 million construction loan for an 80-unit apartment building near North Miami, marking one of the first Live Local Act project

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Estate lands M construction loan for West Palm rental complex, amid record multifamily pipeline
Business

Estate lands $73M construction loan for West Palm rental complex, amid record multifamily pipeline

July 30, 2024July 30, 2024

Social: As South Florida is experiencing a near-record multifamily construction pipeline, Estate Companies scored a $73M loan to build a 321-unit complex in downtown West

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Construction loans keep flowing: Newrock, Brickbox land M to build 165-unit Oakland Park rental project 
Business

Construction loans keep flowing: Newrock, Brickbox land $60M to build 165-unit Oakland Park rental project 

July 25, 2024July 25, 2024

Newrock Partners and Brickbox Development landed a $60 million loan to build apartments in Oakland Park, as South Florida continues to defy a financing slowdown

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Prestige scores M construction loan for Davie workforce housing project 
Business

Prestige scores $20M construction loan for Davie workforce housing project 

July 19, 2024July 19, 2024

Prestige Companies can move ahead with a workforce housing project in Davie after landing a $20 million construction loan. A Boca Raton-based entity, Mint 12

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Dan Kodsi’s Royal Palm Nabs Sanford Rentals Building Bank loan
Business

Dan Kodsi’s Royal Palm Nabs Sanford Rentals Building Bank loan

April 18, 2024April 19, 2024

Dan Kodsi landed an $86 million design financing package deal for a 420-unit multifamily sophisticated close to Orlando.  Miami-primarily based Royal Palm Corporations programs Tuscany

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Fortune, Chateau Score 0M Bank loan for St. Regis Sunny Isles
Business

Fortune, Chateau Score $100M Bank loan for St. Regis Sunny Isles

April 4, 2024April 5, 2024

Edgardo Defortuna’s Fortune International Group and Manuel Grosskopf’s Château Group secured a funding boost for their underneath-construction St. Regis Residences in Sunny Isles Beach.  Financial

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Associated Group Scores Design Personal loan for Baccarat Miami
Business

Associated Group Scores Design Personal loan for Baccarat Miami

March 29, 2024March 30, 2024

Related Group and its associate scored $328 million in design funding for their prepared Baccarat Residences condominium tower in Miami’s Brickell community.  Coconut Grove-primarily based

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Turnberry Scores 2M Bank loan for North Miami Condominium Tower
Business

Turnberry Scores $172M Bank loan for North Miami Condominium Tower

March 27, 2024March 28, 2024

Turnberry secured a $172 million building loan for One Park Tower at SoLé Mia, a planned luxury condo tower.  Financial institution OZK, 1 of the

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Ricardo Dunin, Edifica Rating M Bank loan for Brickell Condos
Business

Ricardo Dunin, Edifica Rating $70M Bank loan for Brickell Condos

March 22, 2024March 23, 2024

Developers Ricardo Dunin and Juan Carlos Tassara secured a $70 million development bank loan for Domus Brickell Park, a brief-expression rental friendly condo enhancement in

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Affiliated Lands M Hollywood Rentals Design Bank loan
Business

Affiliated Lands $46M Hollywood Rentals Design Bank loan

March 20, 2024March 21, 2024

Affiliated Enhancement landed a $45.5 million design personal loan for a 223-device condominium job with a workforce housing element in downtown Hollywood.  The Fort Lauderdale-centered

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