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Florida & Gulf Coast  + South Florida  + Finance  | 
Neology Life Development Group has secured $57.5 million in construction financing for Fourteen Residences Allapattah apartment tower in Miami, FL.

Neology Life Development Group Secures $58M Build Loan for Miami Residential Tower

Miami, FL-based Neology Life Development Group has secured $57.5 million in construction financing for Fourteen Residences Allapattah, a two tower, 237-unit apartment community in Miami. The property is located in a Qualified Opportunity Zone in the Allapattah section of downtown Miami.

Charles Foschini, Chris Apone and Shannon Wilson of Berkadia arranged the financing. Churchill Real Estate’s direct originations platform originated the 24-month loan with two extension options.

Fourteen Allapattah Residences will sit at 1470 NW 36th Street and consists of a 14-story building with 180 apartment units connected via a pool deck to a five-story building with 57 apartments, including ground floor walk ups.

The propertyis five minutes west of Wynwood and 10 minutes east of the Miami International Airport. It is close to Miami’s health district and a short walk from the Allapattah Miami Metrorail Station.

 Neology’s portfolio now consists of more than 1,500 apartment units completed or under construction in Miami’s urban core.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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