Florida East Coast Realty secures loan for Panorama Tower in Miami – South Florida Business Journal

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florida east coast realty, founded and headed by prolific South Florida developer Tibor Hollo, is building the tower at 1101 Brickell Ave., which at 85 stories would be the tallest residential.

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A lawsuit filed in 2007 led to Circuit Court Judge David Rains’ ruling in 2009 repealing the state law that authorized the tax on wages for most people working in Jefferson County and a related.

 · The South Florida business journal reports that Florida East Coast Realty, the developer behind the 83-story panorama tower project in Miami, will now be allowed to accept visa applications with a goal of raising about 6% of the tower’s $800 million in costs from visa recipients.

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Florida East Coast Realty, which is building 83-story Panorama Tower on Brickell, has secured a $340 million construction loan, reports South Florida Business Journal. The project is located at 1101 Brickell Ave.Construction has started on the project.

Florida East Coast Realty has recently closed a $425 million refinance of Panorama Tower, one of the largest loans in Miami. Wells Fargo financed the new debt, which replaced the bank’s $ 340 million construction loan in 2015 in the 85-story tower. At the time, he was one of the biggest construction credits in Miami-Dade.

The Panorama Tower, which opened in June, stands out as a behemoth amid the miami building boom, presenting astonishing views of South Florida.. Miami-based Florida East Coast Realty Inc., as.

Florida East Coast Realty’s $425M Panorama Tower refi is among city’s biggest – Founding partner kerry rosenthal represented the downtown Miami-based developer on both the construction loan and refinance. The project, at 1100 brickell bay drive, includes 821 luxury apartments.

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