Neology Development Obtains $63.5M Bridge Loan from Starwood for 237-unit Miami Multifamily Project, Fourteen Main Street Residences

Neology Development Group has obtained a $63.5 million bridge loan from Starwood Property Trust to pay off the construction loan for Fourteen Main Street Residences, a multifamily development located along Miami’s historic 36th Street. Berkadia arranged the original $57.5 million construction loan through Churchill Real Estate to fund Neology’s third project in Miami’s Allapattah neighborhood.

Neology Development
Gabriel Benitez | Managing Director, Investments

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