The Real Deal Miami

Miami multi-family closes $30M loan

April 28, 2011 01:46PM

Bilzin Sumberg partner Carey Stiss has negotiated a $30 million first
mortgage loan on behalf of client NXT Capital, to AP WP Terrazas for a
multifamily apartment project on the Miami River. NXT is a lender with
offices throughout the country. The multifamily project, Terrazas
Riverpark Village, is a 324-unit, Class A, two-building complex. AP WP
Terrazas purchased the project in 2010 after the original developer lost
the project to its lender. TRD