MIAMI—Miami condo development isn't all about high-rises with city or ocean views. Some developers are finding their niche with boutique-style developments to which banks are taking a liking.
One example is Sereno Bay Harbour Islands. 13th Floor Investments and Integra Investments just closed a $12.3 million construction loan with City National Bank for the project.
“We are thrilled to have closed this loan with City National Bank who has once again proven to be a strong partner for 13th Floor, our partners, and projects,” says Daryl Shevin, CFO of 13th Floor. “We look forward to the success of Sereno and continued collaboration on future projects.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
