MIAMI—300 Biscayne is getting some traction in the capitalmarkets. Property Markets Group, or PMG, led bydevelopers Kevin Maloney and RyanShear, closed on a $27 million loan from DWCommercial Finance for the site of the newproject.

A team from Arnstein & Lehr, headed byLuis Flores together with attorneys LoriHartglass and Rebecca Sarelson,represented PMG. Ryan Shear, MattEllish, Melissa Silva, EvanSchapiro, and Adrianne Hartmanspearheaded the traction for PMG.

"This loan puts PMG in the driver's seat to pre-develop the siteover the next two years," says Arnstein attorney LuisFlores, who chairs the firm's Florida Commercial RealEstate Practice Group "This transaction shows that developers andlenders have confidence in Downtown Miami, where investors from allover the world are pouring millions of dollars to revitalizeMiami's historic business district. The loan also speaks to thestrength of PMG, as lenders continue to be selective on whom topartner with despite a strong real estate market."