Alta Development's Miami condo project has gotten a $77.8 million construction loan so it could start breaking the ground for the 1.3-acre site.
River District 14 will feature two 16-story buildings with 283 units. The condos will be fully furnished and be available in one or two bedrooms. They will cost between $500,000 and $1 million. Plus, buyers can lease their units on a home-sharing platform, or by using a rental program.
Forman Capital provided the loan to River North Property Owner LLC, a unit of Alta's principal and founder, Henry Pino.
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