Development partners BAM Development and Ascendra Capital have secured a $60 million construction loan for Seventeen Gables Condominium, which is located at 1715 Douglas Road. The 117-unit community is a rarity for any new development in or around Coral Gables, with most residences priced under $1 million.
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13th Floor Investments and Rockpoint Lock Down $100 Million in Construction Financing For Link at Boca Transit-Oriented Multifamily in Boca Raton
A joint venture between South Florida-based developer 13th Floor Investments and Boston-based Rockpoint has secured $100 million in construction financing from Santander Bank to develop Link at Boca, an eight-story transit-oriented multifamily community adjacent to the Boca Raton Tri Rail Station.
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CMC Group and Fort Partners Secure $323.8 Million Construction Financing From Bank OZK For Four Seasons Private Residences Coconut Grove
South Florida-based real estate development firms CMC Group and Fort Partners have closed a $323.8 million construction loan from Bank OZK, a leading national lender, for Four Seasons Private Residences Coconut Grove, the highly anticipated luxury development marking the global brand’s first standalone residential offering in Florida.
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Sam Zalmanov (AB Asset Management), Bernardo Fort-Brescia (Arquitectonica), Ray Fort (Arquitectonica), Kane Sarhan (THE WELL), Getzy Fellig (AB Asset Management), David Martin (Terra) and Andres Marquez (Terra)
Terra Breaks Ground on THE WELL Coconut Grove After Locking Down $410 Million Construction Loan
A joint venture between Terra, one of South Florida’s leading real estate development firms, and partner AB Asset Management has broken ground on THE WELL Coconut Grove, a transformative mixed-use residential development in Miami’s Coconut Grove neighborhood, with a $410 million construction loan from TYKO Capital.
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Allen Morris Co. Secures $132.5 Million Construction Loan from Bank OZK for Ponce Park Coral Gables
Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has secured a $132.5 million construction loan from Bank OZK for Ponce Park, an ultra-luxury condominium development in the heart of Coral Gables that will redefine boutique luxury living.
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Bayview PACE Provides $200 Million in C-PACE Financing for Florida’s Second-Tallest High-Rise, Okan Tower in Miami, Among the Largest Loans in the Country
Bayview PACE, a division of Bayview Commercial Mortgage Finance, has closed on $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use high-rise being developed by Okan Group and designed by Behar Font & Partners.
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Rilea Group Secures $150 Million in Construction Financing for Mohawk at Wynwood in Miami
Miami-based real estate developer Rilea Group has closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily community now under construction in the heart of Miami’s Wynwood Arts District.
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PMG Locks Down $115 Million Construction Loan For Sage Intracoastal Residences Fort Lauderdale
National developer PMG is pleased to announce they have secured $115 million in construction financing for Sage Intracoastal Residences Fort Lauderdale, a 28-story boutique condominium nestled along 200 linear feet of Fort Lauderdale’s Intracoastal waterway. Financing was provided by GoldenTree Asset Management.
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Oak Row Equities and OKO Group Close Largest Land Acquisition in Florida With $520 Million Waterfront Land Deal in Brickell
Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land acquisition in Florida.
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Rendering by DBOX
Developers of The St. Regis Residences, Sunny Isles Beach, Miami Secure $418.3 Million Construction Loan Package
Fortune International Group and Château Group, developers of The St. Regis Residences, Sunny Isles Beach, Miami, announced today that they have secured a $418.3 million construction loan package. Bank OZK was the lender. The total package ranks among the largest ever for Sunny Isles Beach real estate.
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