Churchill Real Estate Provides $67.5M Construction Loan For Village At Coral Gables

The Village at Coral Gables, a luxury residential condominium project, has secured $67.5 million in financing from Churchill Real Estate for its construction. Located at 504 Malaga Avenue in Coral Gables, Florida, this development site will feature 48 units with Spanish revival architecture. The property offers upscale amenities such as a fitness center, swimming pool, and residents' lounge.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $67,500,000
• Lender: Churchill Real Estate
• Landlord: MG Developer - Alirio Torrealba
• Broker: Colliers

Churchill Real Estate provided the construction loan for the Village at Coral Gables project. The key individuals involved in this deal include Alirio Torrealba, the landlord and representative of MG Developer, and the brokerage firm Colliers. This financing will contribute to the completion of the residential condominium development, adding to the vibrant real estate market in Coral Gables.