Allen Morris scores $133M construction loan for Ponce Park Coral Gables condo project
Allen Morris Company secured a $132.5 million construction loan for its long-planned Ponce Park condo development in Coral Gables, The Real Deal has learned. Bank OZK is providing the loan for the planned 11-story, 58-unit project at 3000 Ponce de Leon Boulevard. The financing adds to a pipeline of planned condo projects that Bank OZK is the lender of in South Florida. Lotus Capital Partners, led by Faisal Ashraf, arranged the loan, according to a news release. It closed just two months after the same developer nabbed a $138.5 million construction loan for its Ziggurat condo project nearby in Miami’s […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Looksmaxxing influencer Clavicular rents downtown Miami penthouse
EXCLUSIVE: Knicks Player Trey Jemison III and His Fiancée Bought $880K Texas Home—Just Weeks Before Start of NBA Finals
Fed Official Warns of Interest Rate Hike if Inflation Doesn’t Cool
Compass Faces Antitrust Probe in New York After Megamerger With Anywhere
Fisher Island fuel depot drama pushes out Miami-Dade’s port director, COO
New York Poised To Ban Private Listings as More States Crack Down
Berkshire Taylor Morrison deal puts vertical integration in focus
Ten years after: Schaefer Homes revs up its engines for growth
South Florida’s top warehouse deals reach over $100M this week
EXCLUSIVE: Jennifer Aniston’s Partner Jim Curtis Whips $1.5 Million New York City Home Off Market Weeks After Celebrating 1-Year Anniversary
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131