Rilea Group lands $149M multifamily construction loan in overheated Wynwood
Rilea Group landed a $149.2 million in construction financing for its planned Mohawk at Wynwood, a 300-unit apartment tower. The Miami-based real estate developer secured $124.2 million in C-PACE capital from Nuveen Green Capital and a $25 million senior loan from ABANCA USA, arranged by Javier Herrera of Franklin Street, according to a news release. The loan will cover construction of the Mohawk project slated for the 1.5-acre site at 56 Northeast 29th Street. Rilea, led by owner and CEO Alan Ojeda and President Diego Ojeda, bought the land for $22 million in 2021. The project is set to include […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Loan officers are going to Washington
When standard DSCR falls short: What real estate investors should know about no-ratio financing
The Ground Lease Dilemma—Affordability Engine or Ticking Time Bomb?
She Taught Private Swim Lessons at Home for 7 Years. Then the City Shut Her Down After a Neighbor’s Complaint.
Naples Comprehensive Health Enhances Storm Preparedness
Here’s Where It Takes the Longest To Save for a Down Payment—and Where It’s Quickest
FOSTERING SUCCESS ANNOUNCES 2026 SCHOLARSHIP RECIPIENTS
‘Grey’s Anatomy’ Star Patrick Dempsey Lifts the Lid on His Childhood in Tiny Maine Town—and His Job at Local Recycling Center
Maria Shriver Reveals How Childhood Lessons From Her Late Father Help Her Navigate Tricky Relationship With RFK Jr.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131