MIAMI—Property Markets Group just won a $123.6million senior construction loan for Echo Brickell, a 57-storyluxury residential condo development in the heart of DowntownMiami's Brickell Financial District. Canyon Capital RealtyAdvisors offered the funds.

Ronald Muzii, Jr., South Florida-based seniordirector with Canyon, called the condo development an “iconicaddition to the Brickell skyline." Echo Brickell is currently over80% presold, and groundbreaking will begin immediately withdelivery set for 2017.

“We expect the developer will deliver the highest qualityresidential experience available in Brickell today and look forwardto working with them and their team,” says Muzii. “As the 12thinvestment in Florida in the last four years and the third majordebt transaction in the Brickell submarket, the Echo Brickelltransaction demonstrates Canyon Realty's commitment to invest inthis community.”