Three Miami attorneys were pitted against two big institutions — a New York investor and a Los Angeles bank — plus their legal teams in financing negotiations to secure a $106 million loan.

Saul Ewing Arnstein & Lehr partners Luis Flores, Rebecca Abrams Sarelson and Louis Archambault obtained the loan for developer PMG’s 464-unit X Miami apartment building at 230 NE Fourth St. in downtown Miami in a deal that closed Sept. 19.