Published On: Tue, Feb 9th, 2016

Related, Dezer score $115 Million construction loan for Hyde Midtown

Project is expected to open mid-year 2018

Gil Related,   Dezer score $115M construction loan for Hyde Midtown -Miami

 

The Related Group and Dezer Development just sealed a $114.7 million financing deal for their upcoming Hyde Midtown condo project in Miami. The loan covers Hyde Midtown’s development site at 3401 Northeast 1st Avenue right in the heart of Midtown Miami. It was issued by an affiliate of Mack Real Estate Credit Strategies, a New York lending firm that’s tied to the Mack Real Estate Group.

Related and Dezer broke ground on Hyde in September and expect to wrap up work on the 60-story tower in the second quarter of 2018. It’s slated to bring 60 hotel rooms and 410 condos to the neighborhood…

Read the full story at The Real Deal, by Sean Stewart-Muniz

 

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