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Canyon Invests $102.3M in Miami’s Shorecrest Club
Canyon Partners Real Estate LLC provided a $102.3 million senior bridge loan to Upper East Side Miami, LLC, an affiliate of ECI Group, for the recapitalization of the Shorecrest Club, a luxury 467-unit, high-rise, Class A multifamily property in Miami. This marks the fourth transaction between Canyon and ECI Group.
Located directly on the Biscayne Bay at the 79th Street Causeway, Shorecrest Club is one of Miami’s few new luxury rental properties with 290 linear feet of waterfrontage. The property’s two 20-story towers offer residents expansive, unobstructed and unmatched views of Biscayne Bay, North Bay Village, Miami Beach, North Miami, Downtown/Brickell and the Atlantic Ocean.
“Over the past five years, we have worked with Canyon to develop several successful multifamily projects in the Southeast,” said ECI Group’s Seth Greenberg.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

