MG Developer scores $39M loan to build Coral Gables townhome project

by Francisco Alvarado

MG Developer’s pipeline keeps pumping along after Alirio Torrealba’s firm landed a $39 million construction loan for a Coral Gables townhome project. Miami-based Pine Bay Capital provided the financing for The George, a planned development of 13 two-story townhouses at 717 Valencia Avenue that represents the final phase of MG Developer’s Biltmore Square community, a […]This article originally appeared on The Real Deal. Click here to read the full story.

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