Argentine Developer Acquires $332M loan for Luxury Condo Project
by Sep Niakan | May 09, 2014
Consultatio, Argentine development company owned by Eduardo Costantini, received a $332 million construction loan for the upcoming luxury condo project, Oceana Bal Harbour.
Costantini received the mortgage from a group of lenders led by HSBC. The Argentine-owned company began development and construction for the Oceana condo in December 2013. The project includes 240 units, with all-glass walls.
“We thought it would be convenient for the company to obtain such a credit facility,” Costantini said. He also mentioned that future projects, as his firm delivers the units to those who buy them, will accumulate more cash to begin other projects in Miami and New York.
The Argentine firm is close to finishing its first U.S. development, Oceana Key Biscayne. The Key Biscayne project is projected to be completed in July of 2014. Consultatio did not receive funding from investors for the Key Biscayne project.
Photo credit: Oceana - oceanaresidence.com,
by Sep Niakan | January 05, 2018
Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities. A lot of people consider January to be the month when the festive season and all its...
by Sep Niakan | December 31, 2017
The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018. Miami Cruise...
by Sep Niakan | December 21, 2017
Earlier this month, a single bedroom condo in Edgewater went on sale, and made headlines. “What’s so special about that?” you ask. Well, this Miami condo seller will accept Bitcoin only. This 480 NE 30th St. condo is listed for 33...