Brief
SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in Miami
MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in M
Summary
MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater neighborhood.
The transit-oriented project is a redevelopment of West Miami-Dade County’s former Dolphin Park-and-Ride/Transit Terminal Facility.
The borrower and developer, Terra Group, will use proceeds of the loan to pay off the existing construction loan, which was also provide
Source
- REBusinessOnlinerebusinessonline.com
