The loan will fund the completion of the two 50-story towers at 17901 Collins Ave. It will allow construction of the north tower.
Condos at the 245-unit development range from 2,917 sq. ft. to 9,000 sq. ft., and from three to seven bedrooms. The project will be open to residents in late 2020, according to a press statement.
The Estates at Acqualina will feature three single-family homes and three, two-story penthouses that will all have private pools.
The project will also include 50,000 sq. ft. of amenities including a spa and fitness center, an ice-skating rink, bowling lanes, a movie theater, golfing and Formula One simulators, children’s playroom, and a speakeasy.