LCOR Secures $192.5 Million Construction Loan From Natixis For 544-Unit Multifamily Project In Edgewater Miami

The property asset involved is a multifamily development located at 1775 Biscayne Boulevard in Edgewater, Miami, featuring a total of 544 residential units. The construction financing for this project amounts to $192,500,000, provided under a construction loan type.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $192,500,000
• Address: 1775 Biscayne Boulevard
• Market: Edgewater, Miami
• Units: 544
• Lender: Natixis
• Loan Type: Construction
• Sponsor: LCOR

The deal features key individuals including Precilla Torres and Christopher LaBianca representing the lender, Natixis. The sponsoring entity, LCOR, is represented by Anthony Barsanti and Anthony Tortora. Advisors for the transaction include Andrew Cohen, Max Herzog, Marko Kazanjian, Max Hulsh, and Michael Samuelian from Institutional Property Advisors (IPA).