MIAMI—A joint venture partnership between Property Markets Group and JDS Development has secured $128.5 million in financing for two Florida condominium projects. Mission Capital Advisors arranged the capital.

The larger deal is a $106 million construction loan to complete development of Echo Aventura, a 190-unit luxury condominium high-rise at 3250 NE 188th Street in Aventura. Another $22.5-million, nearly 75%-loan-to-cost land loan on will allow the JV to develop Echo Brickell, a 166-unit luxury condominium high-rise that will be constructed at 1451 Brickell Avenue.

“Despite seeing a resurgence in the Florida condo market, it can still be difficult for a developer to secure a land loan or a construction loan, as lenders continue to tread lightly,” says Mission Capital managing director Jordan Ray. “We are very pleased to have been able arrange financing on the earlier side of the development cycle for both projects.”