MIAMI—New York City-based Terra Capital Partners has once again provided financing for CGI Merchant Group and its 1100 Biscayne Blvd. mixed-use project here.
Terra Capital has provided Miami-based alternative investment management firm CGI Merchant Group with a $57-million bridge loan to facilitate the recapitalization of the mixed-use property and what the ownership terms as a “ramp up” of a newly flagged hotel at the property. The financing follows the conversion of a mezzanine loan originated by Terra Capital in 2015 into a first mortgage.
