FCI Residential scores $54M construction loan for Miramar apartment project

The new apartment community is approved for up to 300 units
By Keith Larsen | June 03, 2019 02:30PM

Juan Porro, Managing Director of FCI Residential

Juan Porro, Managing Director of FCI Residential

FCI Residential scored a $54.1 million construction loan to build a new apartment community in Miramar.

The development arm of sugarcane giant Florida Crystals secured the construction loan from Regions Bank to build an apartment project called Catalina at Miramar. The project is approved for up to 300 apartments between Flamingo Road and Red Road just south of the Homestead Extension of the Florida Turnpike, records show.

FCI Residential has another completed apartment project, Atlantico at Miramar, next to the Catalina at Miramar.

In July 2018, FCI Residential paid $16.1 million for the 29-acre multifamily development site for Catalina at Miramar, property records show. The company bought the property from Ansin Group LTD, led by James Goggins, Andrew Ansin and Rodney Bacher.

FCI Residential was founded in 2012 by Florida Crystals and now owns more than 4,500 apartments across Southern Florida, according to its website.