Terra, a prominent real estate development company in Miami’s Coconut Grove, and Sympatico Real Estate, a Palm Beach-based firm owned by the Morrison family, announced today the closing of a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach.
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MG Developer Locks Down $41 Million Construction Loan For The George Residences, The Final Development in Coral Gables' Biltmore Square
MG Developer has secured a $41 million construction loan from Pine Bay Capital to bring The George, its final and most prestigious project in Biltmore Square, to life. Located at 717 Valencia Avenue, this exclusive collection of 13 ultra-luxury townhomes represents the culmination of MG Developer’s transformative vision for Coral Gables.
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Related Group and Merrimac Ventures Secure $160 Million Construction Loan For Waldorf Astoria Residences Pompano Beach As Sales Pass 70%
Leading real estate developers Related Group and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), have closed on $160 million in construction financing from Bank OZK for Waldorf Astoria Residences Pompano Beach (The Residences).
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Celestial Fund Closes $35 Million Bespoke Debt Package For Spec Home Portfolio
Celestial Fund, under the leadership of Founder and CEO Eugene Rutenberg, has closed on a $35 million bespoke debt package, structured for the recapitalization and refinancing of an exceptional three-property Spec Home portfolio, developed by Cicardo Development — a premier merchant builder based in South Florida.
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PMG Locks Down $413 Million Construction Loan For One Twenty Brickell Residences
National developer PMG has secured $413 million in construction financing for One Twenty Brickell Residences, a dual-tower luxury mixed-use condominium and rental development rising in the heart of Brickell. The loan covers financing for the condominium, multifamily, commercial, and parking components of the property.
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Terra and Turnberry To Begin Construction of Grand Hyatt Miami Beach After Locking Down $392 Million In Financing
Terra and Turnberry, two of South Florida’s leading real estate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center.
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PMG, Lion Development Group and Marc Roberts Companies Secure $215 Million Construction Loan For 38 West Eleventh Residences Miami
National developer PMG, Michael Simkins’ Lion Development Group, and Marc Roberts Companies have secured $215 million in construction financing for 38 West Eleventh Residences Miami, a 44-story, 659-residence condominium in Miami’s Park West neighborhood.
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Constellation Group, Boschetti Group and Vietmar Secure $42.3 Million Construction Financing For Ella Miami Beach
Miami-based real estate development firms Constellation Group, The Boschetti Group and Vietmar have closed on a $42.3 million construction loan for Ella Miami Beach, a 10-story boutique condominium in the heart of Miami’s North Beach neighborhood.
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Baron Property Group Secures $206 Million Construction Loan For Metro Parc North in Hialeah
Miami- and New York-based real estate developer Baron Property Group (“BPG”) have closed on $206 million in construction financing for Metro Parc North, a new ground-up residential multifamily development in Hialeah, FL.
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Savanna Locks Down $380 Million Construction Financing For 'Olara' In West Palm Beach
Savanna, a New York-based vertically integrated development firm, has locked down $380 million construction financing for Olara, a residential condo tower in downtown West Palm Beach's on North Flagler along the Intracoastal Waterway.
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