3 Firms Steer $162M Loan For Mixed-Use Project In Miami

By Andrew McIntyre (September 12, 2019, 2:23 PM EDT) -- Saul Ewing-led PMG and Toronto asset management shop Greybrook Realty Partners announced a $161.5 million loan Thursday for a Miami mixed-use project from Centennial Bank and Square Mile Capital, which were advised by Herrick Feinstein and Arnold & Porter, respectively.

The loan is for 400 Biscayne, where PMG and Greybrook Realty Partners Inc. are building a 49-story project that will include rental apartments, commercial space and a First United Methodist Church of Miami.

Saul Ewing Arnstein & Lehr LLP's Luis Flores told Law360 on Thursday that having the church involved in the planning process added an unusual level of complexity to...

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