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Miami Finance Form | June 21, 2018

BGI Capital

Our very own Manuela Barson, attended the Miami Finance Event as a guest to Susie Dwinell of Crystal & Company who sponsored the event. The luncheon was held in Brickell and it focused on getting your business ready for Hurricane season. One of the key takeaways was how businesses can utilize bridge loans in case there is lost productivity or if their business needs to be shut down due to a hurricane. Smart topics and great event.

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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