MIAMI-AP WP Terrazas LLC has secured a first mortgage loan worth $30 million for its Terrazas Riverpark Village, a class A, multifamily apartment complex situated beside the Miami River. The company purchased the two-building apartment complex comprising 324 units in 2010 from its lender.
Carey A. Stiss, a real estate partner of Bilzin Sumberg, arranged the loan from mid-market lender NXT Capital, LLC.For the full story, go to Florida Real Estate Journal.
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