Diego Ojeda Of Ciprés & Rilea Group Secures $90 Million Construction Loan For Development Site In Miami

The asset involved is a development site located at 94 NE 29th Street, known as The Rider Residences, within the Miami market. The transaction entails a construction loan with a total amount of $90,000,000 issued by Banco Inbursa.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $90,000,000
• Lender: Banco Inbursa
• Landlord: Diego Ojeda - Ciprés & Rilea Group
• Broker: Javier Herrera
• Loan Type: Construction

The key individuals involved in this transaction include Diego Ojeda, who represents the landlord through Ciprés & Rilea Group. Broker Javier Herrera facilitated the loan arrangement for the development site.