Crimson developer gets $16M construction loan
Jan 03, 2014 January 03, 2014
Stephan Gietl and Fernando Levy Hara’s mckafka Development Group received the construction financing from Banesco USA Bank, according to a project spokesperson. The company expects to hold a groundbreaking ceremony for the 90-unit development at 601 Northeast 27th Street by the end of January. Luis Duany of Duany Financial Network arranged the financing.
A LEED Silver-certified Miami pre-construction condo project, The Crimson is expected to have one, two and three-bedroom residences, penthouses and townhomes. Units range in size from 780 to 1,600 square feet. Amenities include storage space for each unit in the parking garage, a pool deck, hot tub and zen room.