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Developer snags $12M loan for co-working project in Coral Gables
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Developer snags $12M loan for co-working project in Coral Gables

Original Article: https://therealdeal.com/miami/2019/11/07/developer-snags-12m-loan-for-co-working-project-in-coral-gables/ Location Ventures snagged a $12 million construction loan for its Coral Gables co-working…

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Miami Herald: An Edgewater hotel in the pipeline receives $27.5M construction loan
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Miami Herald: An Edgewater hotel in the pipeline receives $27.5M construction loan

Original Article: https://www.miamiherald.com/news/business/real-estate-news/article236486463.html A hotel in the pipeline for Edgewater moves forward with a $27.5…

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Biltmore Parc developer scores condo inventory loan for unsold units
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Biltmore Parc developer scores condo inventory loan for unsold units

Coral Gables developer Alirio Torrealba closed on a condo inventory loan for unsold units at Biltmore Parc. Torrealba’s MG Developer secured a $7.75 million loan from BGI Capital, according to a press release. The financing comes as MG Developer hired One Sotheby’s International Realty to take over remaining sales of its Coral Gables developments, including 11 condos at Biltmore Parc. Fortune International Realty previously handled sales for MG Developer.
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Closed Transactions

Investment Loan $2,400,000

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Allapattah, FL
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Allapattah, FL

Loan Amount: $1.9MM LTV: 55% Estimated Property Value: $3,450,000
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6404 7th Avenue Circle W
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6404 7th Avenue Circle W

Private Construction Loan
Financed $1,100,000
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8946 SW 40th Street
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8946 SW 40th Street

Construction Loan
Financed $2.47 Million
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The Highlands
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The Highlands

Financed Construction Loan
North Miami Beach, FL
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Palm Island, Miami Beach
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Palm Island, Miami Beach

Financed $1,610,000
Estimated Sales Price: $3,500,000
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BGI CAPITAL MEDIA INQUIRY
Levy Public Relations & Events
3050 Biscayne Blvd., Suite 504
Miami, FL 33137

T 305.764.3370 x210
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