A joint venture spearheading Miami's transit-oriented development trend secures a $50 million loan for an apartment project near the Dadeland North Metrorail station.
August 17, 2016 at 02:00 AM
1 minute read
Two Miami developers have obtained a $50 million construction loan for an apartment project adjacent to the Dadeland North Metrorail station.
Adler Group and 13th Floor Investments, a duo also spearheading a major commercial development at the Douglas Road Metrorail station, secured the loan from TD Bank and Banco Santander, according to a news release. Adler and 13th Floor also closed on equity financing negotiated by ARA, a Newmark Co., and debt secured by CBRE Inc.
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