The developers of condo tower Echo Brickell boosted their borrowings to more than $35 million, The Real Deal has learned, by Eric Kalis. Call www.AmericaRealty.info 305-956-9978 for your real estate needs.
PMG Brickell, a joint venture between New York-based Property Markets Group and JDS Development, obtained a $12.8 million future advance of an existing loan, according to Miami-Dade County records. The transaction closed on April 25 and was recorded on Wednesday.
The Echo developers originally received a $22.5 million mortgage from Eastwatch Echo Lender-T in July 2013, when they purchased the 1451 Brickell Avenue project site. Eastwatch is tied to New York-based NorthStar Realty Finance.
PMG and JDS plan to construct a nearly 60-story tower with 180 condos. Prominent architect Carlos Ott designed Echo Brickell.
Picture From left: Property Markets Group’s Ryan Shear, architect Carlos Ott and Property Markets Group’s Kevin Maloney.
"回声.布里克尔 Echo Brickell 公寓大楼" 的开发商高興的發表, 銀行看重他們的信用, 增加他們的貸款額度超过3500亿美元. The Real Deal, Eric Kalis 報導。致电 www.AmericaRealty.info 美加地產來滿足您的房地产需求。
根据迈阿密 - 戴德县4月25日的记录, PMG 布里克尔，是纽约房地产市场集团和JDS发展商的合资企业，
PMG和JDS计划兴建一个近60层 180 單位的公寓。由知名建筑师卡洛斯·奥特 (Carlos Ott) 设计.
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