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South Florida

SoFla’s largest construction loans

The Miami Design District scored the largest construction loan last year, to the tune of $600 million.
The Miami Design District scored the largest construction loan last year, to the tune of $600 million.

From the April issue: Amid an oversupply of new condominiums and an abundance of cranes scattered across Miami’s skyline, big banks are becoming more selective about which projects they will provide construction financing for, while some developers are choosing alternative lenders in the absence of traditional financing.

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Still, there is plenty of capital for the right project. The Real Deal looked at the biggest construction loans in South Florida from January 2015 to February 2016, as documented in public records. The 10 largest were all in Miami-Dade County. [more]

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Allen Morris CompanyDacraDevelopmentFlorida East Coast RealtyJ. Milton & AssociatesReal Estate CompaniesReal Estate GroupsRelated GroupTerraTurnberry Associates