$17 Million construction loan secured for Botanic Residences in Miami
United States, March 26 -- JLL Capital Markets announced that it has secured a $17 million, non-recourse, construction loan for Botanico Residences, a 51-unit luxury condominium development in Miami, Florida.JLL represented the borrowers, Forth Development and MICL, in arranging the construction financing.Botanic Residences is located in West Brickell/Little Havana and will deliver some of the first high-finish condominium product to the market. The project features fully furnished units and a comprehensive amenity package including a state-of-the-art fitness center, co-working spaces and resort-style pool. The property offers flexible rental restrictions, allowing owners to position units as short-term rentals. JLL Capital Market's Debt Ad...
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