MIAMI—The site of the legendary Jockey Club, the hot Miami social club of the 60′s, will soon be transformed with the addition of the 1 million-square foot luxury residential and hotel development Apeiron at the Jockey Club, thanks to a $21 million loan by New Jersey-based private lender, Silver Arch Capital Partners.

Jeffrey Wolfer, President and CEO of Silver Arch Capital announced the company’s completion of the funding for the proposed project. The two-year loan was obtained by Apeiron Miami, LLC, a partnership headed by Ritz Carlton Group co-founder and former president Horst Schulze, former chairman of HBA International, Michael Bedner, and former vice president of Related International, Muayad “Mo” Abbas.

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