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The Estate Cos., in partnership with Merrimac Ventures, has secured $75 million in refinancing for its Soleste Seaside mixed-use luxury rental apartment community in Dania Beach, Fla. Provided by Affinius Capital, the loan closed on Nov. 21.
Located at 4 N Federal Highway, Soleste Seaside is a steel-frame, elevator-served structure completed in July of last year. The Class A mixed-use community stands eight stories tall and features 340 rental residences comprised of one-, two- and three-bedroom units ranging in size from 600 to 1,200 square feet. The community also offers 12,800 square feet of ground-floor retail space.