The Estate Companies has scored a $78 million construction loan for its South Florida multifamily, Soleste Reserve 1, according to a report from The Real Deal.

With the financing provided by Banesco USA, the funding adds to the $6.5 million it supplemented in 2022 when the developer first bought the property at 5079 Southwest 48th Street. Now that amount has been increased by $71.5 million.

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