Estate Investments Group secured a $51-million construction loan for its 306-unit Soleste Almeda apartment project in West Miami, according to The Real Deal.
The project, at 6290 and 6320 Southwest 8th St., will include two mid-rise towers with studios, one- and two-bedroom units. Sizes will range from 450 square feet to 900 square feet.
The development group, led by Robert Suris, secured the loan from Arkansas-based Centennial Bank and Miami-based LV Lending.
Construction of the building is expected to be completed in early 2020.