Omega Real Estate Management scored a $100 million construction loan for the multifamily portion of its planned mixed-use The Gardens District project in North Miami.
The nine-story apartment building, called The Gardens Residence, will have 358 units and 1,100 square feet of ground-floor retail at 1155 Northeast 126th Street, according to a news release from Berkadia, which secured the loan.
Charles Foschini and Christopher Apone, of Berkadia’s Miami office, represented Omega. New York-based Churchill Real Estate is the lender, with the firm’s Jeff Rosenfeld and Sean Robertson handling the loan.