Developers score $368M in loans for South Florida projects
South Florida developers landed $368 million in financing this week as lenders backed a mix of commercial projects across the tri-county region. Argentine developer HA Emprendimientos secured one of the biggest loans recently with a $111 million construction loan for the development of a luxury multifamily tower in Miami’s Edgewater. The loan, originated by S3 Capital and arranged by JLL Capital Markets’ Max La Cava on behalf of the developer, will finance Sense22, a 36-story project at 114 to 138 Northeast 22nd Street. The 262,000-square-foot development will include 328 residential units and 372 parking spaces, according to an S3 Capital […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside Durham’s Bullish Market: Why Luxury Buyers Are Quietly Flocking to Former Tobacco Capital of the World
Mountaintop Farmhouse Retreat with Epic NYC Views Lists for $3.7 Million
Can tech keep agents out of trouble for listing mistakes?
Gasoline prices, over $4 per gallon, hit record high for Labor Day
First Town Ever Sold on eBay Is Heading Back to the Market
Florida’s housing market looks shaky. Orlando tells a more complicated story
Truss Financial scales hybrid model with new direct lending platform
Celebrity Home Break-Ins Spark Security Fears—as Expert Warns Overexposed Luxury Listings Could Turn Off Buyers
FSBO.com rolls out tech platform to streamline home purchase agreements
George Morales on proprietary reverse mortgages and MISMO standards
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131