search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
South Florida

Echo Aventura condo loans hit $105M

Echo Aventura rendering
Echo Aventura rendering

Financing for Property Markets Group’s Echo Aventura condominium has grown to $104.5 million, the South Florida Business Journal reported.

Sign Up for the undefined Newsletter

The project’s lender, an affiliate of New York-based Northstar Realty Finance Corp, has initially doled out $22.5 million for a mortgage. Architect Carlos Ott and interior designer Yabu Pushelberg worked on the 190-unit condo, located at 3250 Northeast 188th Street, the newspaper said.

Last month, as construction began, the developer began paying brokers full commissions for contracting sales on units that won’t be ready for move-in until 2015. Philip Spiegelman, a principal of International Sales Group, handed out about $16.4 million in commissions, as previously reported. [South Florida Business Journal] – Mark Maurer

Tags
AventuraReal Estate CompaniesReal Estate Groups