Multifamily Construction | $13,200,000 | Miami, FL
The developers behind Glasshaus in the Grove secured a $13.2 million construction loan to finish building the boutique luxury condo project.
The loan was provided by Boynton Beach-based Trez Forman Capital. It was arranged by David Larson of NKF Capital Markets. Javier Lluch and Daniel Ribeiro are developing the five-story, 23-unit condo building at 3161 Center Street that is expected to be completed by the beginning of 2020, according to Larson. Ribeiro is the chairman of G.D8, a Brazilian development and construction firm headquartered in São Paulo. Lluch is the chairman of Miami-based Element Development.