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Starwood Property Trust backs Miami developer with $63 million loan

Neology secures financing for Fourteen Main Street Residences in Miami
Fourteen Main Street Residences, the latest Neology-developed apartment complex, is set to open in 2025. (Neology Development Group)
Fourteen Main Street Residences, the latest Neology-developed apartment complex, is set to open in 2025. (Neology Development Group)
CoStar News
December 23, 2024 | 8:19 P.M.

Miami-based Neology Development Group secured a $63.5 million bridge loan from Starwood Property Trust to help pay off the construction loan for the company's Fourteen Main Street Residences. The property is nearing completion in Miami's 36th Street Corridor.

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