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Related Lands $424M Loan From Tyko to Build Condo Near Miami Beach

Summary by Commercial Observer
Here comes another gargantuan Tyko Capital loan in South Florida.  The New York-based private lender, backed by Elliot Management, supplied a $424 million construction loan for a luxury oceanfront condo development spearheaded by developers Related Group, Two Roads Development and limited partner Rockpoint. Called Rivage Residences Bal Harbour, the 24-story project will house 56 units at 10245 Collins Avenue in Bal Harbour, Fla., north of Miami …
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