The loan, provided by Mexico-based Banco Inbursa, will fund the ongoing development of the 12-story project, which will encompass 146 turn-key residences and 11,000 square feet of retail.
The acquisition marks Ciprés’ second major development project in South Florida and represents a significant expansion northward for the Miami-based company.
This team will be an extension of both Franklin Street’s Investment Sales and Insurance brokerage verticals dedicated to South Florida.
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