Coastland Residential Lands $85M to Build Miami-Dade Rental
Coastland Residential has nabbed a $84.5 million construction loan for a multifamily development near Tropical Park in southwest Miami-Dade County. The debt from PNC Bank covers the Vybe 75, which will house 366 apartments and 5,000 square feet of ground-floor retail space. The…
Coastland Residential has nabbed a $84.5 million construction loan for a multifamily development near Tropical Park in southwest Miami-Dade County. The debt from PNC Bank covers the Vybe 75, which will house 366 apartments and 5,000 square feet of ground-floor retail space. The…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine construction loan for a multifamily residential project, typical business activity without novel structure or broad market impact.
Sources
Commercial Observer
Coastland Residential Lands $85M to Build Miami-Dade Rental
Coastland Residential has nabbed a $84.5 million construction loan for a multifamily development near Tropical Park in southwest Miami-Dade County. The debt from PNC Bank covers the Vybe 75, which will house 366 apartments and 5,000 square feet of ground-floor retail space. The…