MIAMI-The luxury condo project BrickellHouse, which is expected to top off soon, has received a $27.7-million construction loan from Canyon Capital Realty Advisors LLC of Los Angeles.
An affiliate of Newgard Development Group secured the loan in order to refinance an existing land loan and to finance the remainder of the construction of the 46-story tower, according to the Miami Herald.
The Brickell House loan is the eighth financing deal in Florida in the last three years for Canyon Capital, a unit of investment management firm Canyon Partners LLC, and its second in the Brickell area. See story in the Miami Herald.
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