Terra Capital has provided Miami-based alternative investment management firm CGI Merchant Group with a $57-million bridge loan to facilitate the recapitalization of the mixed-use property and what the ownership terms as a “ramp up” of a newly flagged hotel at the property.

Stavrianos' background includes 13 years at CallisonRTKL and a dozen years at Pappageorge Haymes Partners.

Follow a deal earlier this year involving the purchase of the Tropical Manor apartment complex, GlobeSt.com takes a closer look at Florida affordable housing and learns more on how the much-needed affordable units of this particular complex could have otherwise been converted to market-rate housing.

“Investor demand is outpacing supply and assets available for sale, thus continuing to drive pricing in this submarket,” says HFF's José Cruz.