Connect Media > National News > Southeast > Florida > PMG Secures $162M Construction Loan for Downtown Miami MXU Project

September 17, 2019 Comments Off on PMG Secures $162M Construction Loan for Downtown Miami MXU Project Views: 861 Florida, National News, Southeast

PMG Secures $162M Construction Loan for Downtown Miami MXU Project

Order Reprints...

National real estate development firm PMG, in partnership with Greybrook Realty Partners, has secured a $161.5 million construction loan for 400 Biscayne, a 49-story mixed-use project in Miami. The loan will offer financing for the development of the project, which broke ground in June.

Slated for completion in 2021, the one-million square-foot 400 Biscayne project will include 646 residential units, 51,000 square feet of commercial space and a 22,000-square-foot redesigned First United Methodist Church of Miami. Amenities will include a public lobby lounge and restaurant, co-working spaces, modern gym and fitness studio and pool deck and outdoor lounge.

Luis Flores of Saul Ewing Arnstein & Lehr attorneys represented PMG and Greybrook in the transaction. Financing was provided by Centennial Bank and Square Mile Capital.

Connect With PMG
 
Connect With Greybrook Realty
 
Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen

Tags: ,

Comments are closed.