Newgard Development Group secured a $27.7 million mortgage on the BrickellHouse condominium project from an affiliate of Los Angeles-based Canyon Capital Realty Advisors.

The 46-story, 374-unit building at 1300 Brickell Bay Drive is halfway through the construction process. Nearly all of the units have been sold.

Sign Up for the undefined Newsletter

SIGN UP

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Last month, the developer resolved a foreclosure lawsuit by paying $17 million and attorney fees to lienholder JBG Development, as previously reported. [South Florida Business Journal] — Mark Maurer