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MIAMI-The joint venture partners developing Downtown Dadelandhas received $224.25 million in financing from Dallas-based GoldmanSachs Commercial Mortgage Capital LP. The funding pays forconstruction and mezzanine loans that the mixed-use projectpreviously received, and finances remaining construction costs.

Goldman Sachs Commercial Mortgage Capital secured the loan. Thefully funded loan amount includes an initial funding of $180million and an unfunded amount of $44.25 million to be funded overthe first 24 months of the loan. The mortgage loan has a three-yearterm comprised of a two-year initial term and a one-year extensionoption. The financing was arranged by Marc Yavinsky, vice presidentof Capmark Financial Group's Boca Raton office, on behalf ofdevelopers Canyon-Johnson Urban Fund and Gulfside Development.