National development firm PMG, alongside Canadian-based private equity firm Greybrook, has secured $178 million in refinancing for the 10-story Society Wynwood mixed-use project located at 176 NW 25th St in Miami’s Wynwood Arts District.
Read More
Forté Development Locks Down $47.5 Million Construction Loan For Forté Luxe In Jupiter
Forté Development has recently secured a $47.5 million construction loan for its luxury boutique waterfront community, Forté Luxe, located in Jupiter, Florida. The loan was obtained from New York-based 360 Capital Funding, a non-conventional lender specializing in real estate financing across the continental United States.
Read More
Ugo Colombo's CMC Group Secures $69.9 Million Refinancing Loan For 4000 Ponce Home of The Collection
Miami-based luxury real estate development firm CMC Group has secured a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce / The Collection, a nine-story Class-A mixed use office and retail development in the heart of Miami’s elite Coral Gables neighborhood.
Read More
Fortune International Group Closes On $36.08 Million In Pre-Development Financing For ORA by Casa Tua
Fortune International Group has closed on the the 46,373 SF site at 1210 Brickell Ave for the planned ORA by Casa Tua 77-story tower and as well as on $36,080,000 in pre-development financing from Amerant Bank. ORA by Casa Tua launched sales last year and plans for residences to go into contract soon.
Read More
Morabito Properties Expands and Refinances Mixed-Use Wyncatcher Development in Miami’s Wynwood Neighborhood
Morabito Properties, a Miami Beach-based real estate development company led by developer Valerio Morabito, has expanded the firm’s existing Wyncatcher development in Wynwood by acquiring an adjacent warehouse located at 2150 NW Miami Court.
Read More
Aztec Group Facilitates $55.6 Million Financing for Arcadia Gardens in Palm Beach Gardens
Aztec Group, a prominent real estate investment and merchant banking firm serving Florida for four decades, has announced its successful arrangement of $55.6 million in bridge financing for Arcadia Gardens, located in Palm Beach Gardens, Florida.
Read More
Related Group and GTIS Partners Secure $328 Million Construction Loan From Bank OZK for 75-Story Baccarat Residences Miami in Brickell
Related Group and GTIS Partners have secured a $328 million construction loan to finance the development of Baccarat Residences Miami, an ultra-luxury condominium tower located at the gateway of Brickell Avenue. Bank OZK provided the floating-rate loan.
Read More
Terra Closes on $127 Million Refinancing Loan for Natura Gardens Development
Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing for the development. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan, which was provided in 2021 by Bank OZK. Completed in Summer 2023, Natura Gardens includes 460 garden-style rental apartments across 23-acres in Miami’s West Hialeah neighborhood.
Read More
Mast Capital Locks Down Florida's Largest Residential Single-Tower Loan At $600 Million For Cipriani Residences Miami
Miami-based developer Mast Capital has secured a construction loan of $600 million, setting a new record for the largest single-tower residential construction loan ever obtained in Florida for Cipriani Residences Miami. The loan comes from Mexico-based Banco Inbursa and Ascendant Capital Partners, contributing $350 million and $250 million, respectively.
Read More
Merrimac Ventures and Aria Development Group Lock Down $95 Million Construction Loan for Sold-Out 600 Miami Worldcenter
A joint venture between South Florida-based developers Merrimac Ventures and Aria Development Group is preparing to break ground on 600 Miami Worldcenter, a 32-story condominium tower set within Downtown Miami’s Miami Worldcenter 27-acre mixed use development, following locking down a $95 million construction loan from Banco Inbursa.
Read More