Terra Nabs $245M Permanent Loan for 47-acre Project in Miami-Dade
Terra has secured a $245 million permanent loan for the first phase of a 47-acre transit-oriented development near the edge of Miami-Dade County, the Miami-based development firm announced. The financing from Slate Property Group covers 578 apartments within the Upland Park…
Terra has secured a $245 million permanent loan for the first phase of a 47-acre transit-oriented development near the edge of Miami-Dade County, the Miami-based development firm announced. The financing from Slate Property Group covers 578 apartments within the Upland Park…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate financing transaction of moderate size with limited broader market impact or novelty.