Continua, SP score $58M loan for North Miami apartments as rents fall
Developers of a North Miami apartment project scored a $57.8 million construction loan as Miami-Dade County’s multifamily pipeline chugs along despite a slowdown in leasing activity. Continua Developments, led by principals Felipe, Enrique and Pablo Echeverri, and SP Developments, led by Daniel Jaramillo, obtained an Abanca USA mortgage for Urbania NoMi 6ave, a 12-story project with 240 apartments and roughly 20,000 square feet of ground-floor retail that started construction in December, the South Florida Business Journal reported. The joint venture assembled the site at 12830 Northeast Sixth Avenue in 2022, paying $6.9 million. Continua, the U.S. arm of Colombia-based Constructora […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Why the best master-planned communities are designed around everyday life
A Condo for Cars? Luxury Vehicle Storage Turns Parking into Big Business
A Beautifully Modernized Midcentury Marin Home Lists for the First Time in 60 Years
Elvis-Inspired ‘Little Graceland’ Vacation Rental Near Memphis Landmark Finds a Buyer After Listing for $175K
From Postwar Housing Solution to ‘Brady Bunch’ Fame—Is the Split-Level Home Ready for a Comeback?
From ‘mystery vacations’ to hostels, budget travelers get thrifty as prices rise
Housing year-over-year comps need context for the rest of 2026
Dramatic Waterfront Estate Overlooking a Bird Sanctuary Near the Catskills Is Listed for $2.45 Million
Nashville’s ‘Laid-Back Luxury’ Attracts Homebuyers Far Beyond the Music Industry
Miss America Winner Won’t Just Take Home a Crown—She’ll Win the Keys to a Luxury High Rise Apartment in NYC
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131