Saul Ewing Arnstein & Lehr partners Luis Flores, Miami. Courtesy photo
A Miami Saul Ewing partner details what it took to close construction financing for the 49-story apartment tower to rise on Biscayne Boulevard.
September 24, 2019 at 03:12 PM
1 minute read
South Florida real estate reporter
Developer PMG secured $161.5 million to build a 49-story downtown Miami apartment tower after its Saul Ewing Arnstein & Lehr attorneys worked through the deal’s complexities.
PMG, which has offices in Miami and New York, and equity partner Greybrook Realty Partners, based in Toronto, Canada, obtained the loan for the 646-unit 400 Biscayne apartment tower. The deal closed Sept. 11.
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