7 stories on construction loan in commercial real estate.
BHI provided a $67.5M construction loan to Constellation Group and The Boschetti Group for Cora Merrick Park, a 74-unit boutique condo project in Coral Gables.
MG Developer and Vertical Developments have secured a $100 million construction loan from Benmark Capital to finance Alhambra Parc, a 74-unit luxury mixed-use condominium project in Coral Gables. The three-year financing package will fund the development located at 33 Alhambra Circle, just north of the city's downtown district.
Peachtree Group originated a $32.36M construction loan for Spandrel Development Partners to build a 154-room AC Hotel by Marriott at Huntsville's Bridge Street Town Centre.
BLDG Real Estate and The Fellowship Family secured $100M in financing to build Fellowship Wildlight, a 205-unit senior community in Nassau County, FL.
Associated Bank has closed a $32.75M construction loan for Toonen Inc.'s Strata Apartments, a 236-unit garden-style development across 25 buildings in Grand Chute, Wisconsin.
Ytech secured a $25M construction loan from Banesco USA to restore and expand the 1926 Nolan House at 1548 Brickell Ave. into its new headquarters.
Bridge Industrial secured a $56.7M construction loan from Associated Bank to convert a 16-acre Doral office complex into 268,702 sq ft of modern warehouse space.