An affiliate of Richman Group Development Corp. obtained a $31.58 million construction loan for a garden-style apartment project in the West Kendall/Tamiami area of Miami-Dade County.
Richman Three Lakes Development Partners, part of the Greenwich, Conn.-based developer, obtained the loan from Synovus Bank. It was an advance on a $3.05 million mortgage originally granted in December.
The developer recently started construction of 240 apartments on the 11-acre sit on the northwest corner of Southwest…
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