Coconut Grove-based development firm Terra, led by David Martin, has secured a total of $291 million in permanent financing for the newly completed first phase of Centro City, a 38-acre mixed-use development located in the center of Miami-Dade County, just west of Little Havana.
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One Thousand Group and Terra Secure $285 Million Construction Loan For Villa Miami
One Thousand Group and Terra have secured a $285 million construction loan to bring Villa Miami to life in Miami’s East Edgewater neighborhood. As the first-ever residential tower branded by the world-renowned Major Food Group (MFG), the 650-foot-tall waterfront condominium is set to become a new architectural landmark on Biscayne Bay.
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Related Group, Rockpoint and Two Roads Development Secure $424 Million Construction Loan For Rivage Residences Bay Harbour
Related Group (Related), Rockpoint, and Two Roads Development have closed on $424 million in financing for the construction of Rivage Residences Bal Harbour (Rivage). The loan was provided by TYKO Capital, a multi-billion-dollar commercial real estate investment management platform led by Adi Chugh.
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Witkoff Group and PPG Development Lock Down $273 Million Construction Loan For Shell Bay
Witkoff Group and PPG Development have closed on $273 million in construction financing for Shell Bay, a private 150-acre, Mediterranean inspired Miami enclave featuring forthcoming Auberge-branded residences and a hotel, as well as the region’s first private golf club in decades.
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$94.5M Construction Loan Secured for Excel Miami in Arts & Entertainment District
Clearline Real Estate has secured $94.5 million in construction loans to advance the development of Excel Miami, a 24-story multifamily tower situated at 1550 NE Miami Place in the Arts & Entertainment District.
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Related Group and Integra Investments Close On $527 Million In Construction Financing For St. Regis Residences, Miami
Related Group (Related) with Integra Investments (Integra) have closed on $527 million in financing for the highly-anticipated residential tower, St. Regis Residences, Miami (The Residences), on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood.
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PMG and Greybrook Secure $178 Million In Construction Refinancing for Society Wynwood
National development firm PMG, alongside Canadian-based private equity firm Greybrook, has secured $178 million in refinancing for the 10-story Society Wynwood mixed-use project located at 176 NW 25th St in Miami’s Wynwood Arts District.
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Forté Development Locks Down $47.5 Million Construction Loan For Forté Luxe In Jupiter
Forté Development has recently secured a $47.5 million construction loan for its luxury boutique waterfront community, Forté Luxe, located in Jupiter, Florida. The loan was obtained from New York-based 360 Capital Funding, a non-conventional lender specializing in real estate financing across the continental United States.
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Ugo Colombo's CMC Group Secures $69.9 Million Refinancing Loan For 4000 Ponce Home of The Collection
Miami-based luxury real estate development firm CMC Group has secured a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000 Ponce / The Collection, a nine-story Class-A mixed use office and retail development in the heart of Miami’s elite Coral Gables neighborhood.
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Fortune International Group Closes On $36.08 Million In Pre-Development Financing For ORA by Casa Tua
Fortune International Group has closed on the the 46,373 SF site at 1210 Brickell Ave for the planned ORA by Casa Tua 77-story tower and as well as on $36,080,000 in pre-development financing from Amerant Bank. ORA by Casa Tua launched sales last year and plans for residences to go into contract soon.
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