The Real Deal Miami

Fannie Mae boost for Infinity condo

May 19, 2009 03:58PM

Developer DYL said its 52-story Infinity at Brickell condominium project got Fannie Mae approval that will allow it to seek better financing. Fannie Mae approval has been elusive for many large South Florida projects, and this hurdle should help secure better interest rates for buyers, said John Yanopoulos, DYL Group president and CEO. Units will list from $485,000 to $1.5 million. The project also has office and retail space.