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Miami-Area Apartment Project Gets $76 Mln Loan


Bank OZK has provided $76 million of construction financing for the development of Soleste NoMi, a 367-unit apartment project in North Miami Beach, Fla. JLL arranged the loan.


The Estate Cos. is breaking ground late next month on the 23-story property, which is being built on 1.78 acres at 16395 Biscayne Blvd. It will include 2,708 square feet of commercial space and a 655-space parking garage. Amenities include a swimming pool, fitness center, spa, rooftop garden and co-working space.


Units will range in size from 700 to 1,300 sf.


Commercial RealEstate Direct. May 2021.

https://crenews.com/2021/05/18/miami-area-apartment-project-gets-76mln-loan/

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