One of the largest construction loans of the year will help fuel the resurgence of development and acquisitions going on in South Florida.
Royal Palm Cos., the developer of Legacy Hotel & Residences, a mixed-use development that will be in downtown Miami, recently closed on a $340 million construction loan from Silverstein Capital Partners. The New-York based real estate investment and development firm is best known for redeveloping the World Trade Center after 9/11. It’s Silverstein Capital Partners’ first construction loan in South Florida.
