January 14, 2020
Balance-sheet lender 3650 REIT has provided a $50 million construction loan for the development of the Center at Miami Gardens, a 259-unit, four building multifamily property in Miami Gardens. The borrower was the Latigo Group.
The Center at Miami Gardens will feature three residential buildings, as well as a clubhouse, and will be situated on approximately 10 acres of land along with parks, ponds and other amenities. The property will be located at 19279 NW 27th Ave.
“3650’s flexible financing solutions and focus on relationship lending made 3650 the right lender for our company and the Center at Miami Gardens,” said Mark Maron, managing partner at Latigo Group. “We look forward to providing continued value for residents in the area and to continuing our relationship with 3650.”
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