MIAMI—Although more developers are looking to owner financing to help drive condo projects forward, a joint venture between Eastview Development and GTIS Partners is proving lenders are willing to bet (and even compete) on high-quality projects.

The JV just closed a $120 million construction loan to build Biscayne Beach, a 51-story, 399-unit luxury condominium rising at 711 Northeast 29th Street in Miami’s East Edgewater neighborhood. Blackstone Real Estate Debt Strategies provided the loan.

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