$94.5M Construction Loan Secured for 24-Story Multifamily Tower ‘Excel Miami’ in Miami’s Arts & Entertainment District
Construction is progressing at Excel Miami, a 24-story multifamily tower rising at 1550 Northeast Miami Place in Miami’s Arts & Entertainment District. The project has secured $94.5 million in construction financing, comprising a $68.5 million senior loan from Centennial Bank, facilitated by Jay Brito, and a $26 million subordinate loan originated and agented by an affiliate of Southern Realty Trust Inc. (SRT).