MIAMI-The credit markets aren’t quite thawed to room temperature, but lenders are warming up to the multifamily market. The latest example is a first loan on Terrazas Riverpark Village, a 324-unit, class A, two-building complex near downtown Miami.

Carey Stiss, a real estate partner at Bilzin Sumberg, negotiated a $30 million first mortgage loan on behalf of NXT Capital. NXT Capital made the loan to AP WP Terrazas, a joint venture between a New York-based institutional fund and an Atlanta-based regional developer. White Plains, NY-based Shapiro & Gellert represented the borrower.

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