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Real Estate Rumors

Developer Estate Cos. has landed nearly $29.5 million in financing for a Hialeah, Florida, project from a pair of lenders, the South Florida Business Journal reported on Sunday. The financing is for 1950 W. 49th St., where Estate is converting a shuttered hotel into apartment units, and Centennial Bank chipped in $22.45 million while LV Lending provided an additional $7 million for the project, according to the report.

Written by: Andrew Mclntyre


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