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

The new apartment community is approved for up to 300 units

TRD MIAMI /
Jun.June 03, 2019 02:30 PM
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.


Related Articles

arrow_forward_ios
Arthur Porosoff, Stefano Garofoli, Costantino Cicchelli and Frank Rodriguez Melo with the Omni property

Investment group buys multifamily buildings in Little Havana, Omni

Joseph P. Thomas, Adam Duncan and Tyler Carbonelli with the Fort Lauderdale properties

California investors buy multifamily portfolio in Fort Lauderdale

 Eric Castro, Bankers Healthcare Group, and 3700 Lakeside Drive (Credit: Bankers Healthcare Group)

Bankers Healthcare buys Miramar office building for new HQ

Rendering of the project

Time Equities plans apartments, retail on former office site in West Palm

Shorecrest Club Apartments

CBRE fund pays $132M for Shorecrest Club Apartments in Miami

Arnaud Karsenti, Michael Adler and the Link at Douglas

Douglas Station project scores $99M loan for second tower

Rendering of Soleste Twenty2 and Robert Suris

Estate Companies completes 338-unit West Miami project

A rendering of Society Las Olas (Credit: Facebook)

16K apartments to be delivered in South Florida this year: report

arrow_forward_ios
Loading...