LCOR Lands $193M for Miami Rental Tower

AI Summary

LCOR secured a $192.5 million construction loan from Natixis' New York branch to fund a 42-story multifamily tower at 1775 Biscayne Boulevard in Miami's Edgewater neighborhood. This financing supports the development of a significant residential high-rise near local parks and waterfront areas.

LCOR has scored a $192.5 million construction loan for a multifamily tower along Biscayne Boulevard near Miami’s Edgewater neighborhood, property records show. The debt from the New York branch of the French bank Natixis will fund a 42-story high-rise at 1775 Biscayne Boulevard, adjacent to Northeast 17th Terrace, a block from Margaret Pace Park, bordering […]