Dacra has locked down a $43.5 million loan to refinance a 112,896-square-foot, mixed-use property located in the Miami Design District. Berkadia Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing on behalf of Dacra, the pioneer of the Miami Design District, owning well over one million square feet.
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Macken Companies Secures $16.5 Million Construction Loan For Koya Bay Luxury Waterfront Townhome Community In Eastern Shores, North Miami Beach
Macken Companies has secured a $16.5 million construction loan from LV Lending for Koya Bay, a luxury waterfront townhome community directly on the Intracoastal Waterway within the exclusive neighborhood of Eastern Shores at 4098 NE 167 St. in North Miami Beach. Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending arranged the loan on behalf of the developer, Alan Macken, principal of Macken Companies.
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Two Roads Development Locks Down $150 Million In Funding From Lionheart Strategic Management and Bank OZK For Edgewater Condo Buyout
The South Florida-based Two Roads Development, led by Taylor Collins and Reid Boren, have locked down $150 million in funding for a waterfront condo buyout in Miami’s Edgewater neighborhood. Lionheart Strategic Management LLC (Lionheart) will be providing a $45 million mezzanine loan, backed by a $105 million senior mortgage loan from Bank OZK.
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Aztec Group Delivers $102 Million In Construction Financing For 352 Unit RIVR Lofts In Fort Lauderdale
Aztec Group, Florida’s leading real estate investment and merchant banking firm for over 40 years, announces that Peter Mekras has arranged $102,000,000 in construction financing for RIVR (River) Lofts in Ft. Lauderdale, Florida. RIVR Lofts features a desirable location in Fort Lauderdale’s Central Business District in the emerging Tarpon River Entertainment & Design District and will be a mixed-use, luxury, high-rise rental apartment community with 352 residential units.
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Eyzenberg & Co. Structures $73.35 Million Construction Loan For Downtown St. Petersburg Condo Development
Eyzenberg & Company has arranged a stretch-senior construction loan to finance the development of Reflections Condominiums, a 17-story condominium tower on Mirror Lake in St. Petersburg, Florida. The New York-headquartered commercial real estate investment banking firm was retained in 2021 as the exclusive financial advisor for the development of the 326,468 SF building.
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Ramon Rodriguez and Eddy Arriola
Apollo Bank Reaches $1 Billion in Assets Following Banner Growth Year In 2021
South Florida-based leading community bank Apollo Bank has hit $1 billion in assets amidst the bank’s strongest growth year to-date. In the past ten years the bank has grown from $100 million to $1 billion. Apollo Bank focused on investing in technology and talent, appointed a new president and grew its residential lending division.
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Royal Palm Companies Locks Down 3rd Largest Construction Loan In Florida History For Legacy Hotel & Residences
Royal Palm Companies, led by Dan Kodsi, has locked down a $340 million construction loan from Silverstein Capital Partners for the sold-out Legacy Hotel & Residences in Miami Worldcenter in Downtown Miami. The loan represents the third largest construction loan in Florida history.
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The Developers of One Thousand Museum by Zaha Hadid Architects Pay Off $90 Million Inventory Loan Following Miami Art Week Sales
The developers of One Thousand Museum by Zaha Hadid Architects have paid off a $90 million inventory loan following a successful Miami Art Week 2021 which saw two units sell for a combined $30 million. A local buyer from Miami purchased a full-floor unit and a foreign buyer purchased a sky townhouse unit.
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Lissette Calderon's Neology Life Locks Down $78 Million Construction Loan For Allapattah Multifamily
Lissette Calderon’s Neology Life has locked down a $78,197,393 construction loan for The Julia, a 323 unit apartment building with ground-floor retail space in Miami’s Allapattah neighborhood. The loan was provided by Trez Capital, a private real estate lender helping to build better communities across North America.
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Affiliated Development Closes On $53 Million Loan And Begins Construction On West Palm Beach Workforce Housing Project
Fort Lauderdale-based Affiliated Development has started construction on the highly anticipated mixed-income workforce housing project, The Grand. The Grand was capitalized by a $53 million first mortgage from Bank United and an investment from Affiliated Housing Impact Fund, LP and a private family office.
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