Ciprés, Rilea score $90M construction loan for condo project near Wynwood

Ciprés and Rilea Group landed a $90 million construction loan for The Rider Residences, a planned condominium near Wynwood. Mexican bank Banco Inbursa provided the financing for the 12-story condo project with 146 units and 11,000 square feet of retail, a press release states. Javier Herrera with Franklin Street arranged the loan. Ciprés and Rilea, two Miami-based firms led by Diego Ojeda, broke ground on The Rider Residences in February with vertical construction expected to begin in the coming months, the release states. The joint venture expects to complete the project in 2027. Beauchamp Construction is the general contractor. In […]This article originally appeared on The Real Deal. Click here to read the full story.