Constellation, partners score $42M construction loan for North Beach condos

Constellation Group, Boschetti Group and Vietmar scored a $42.3 million construction loan for their planned North Beach condo project. Ella Miami Beach, a 10-story, 103-unit short-term rental-friendly condo building planned for 6940 Abbott Avenue in Miami Beach, is more than 50 percent presold, according to a press release. The developers landed the three-year, floating-rate loan […]

This article originally appeared on The Real Deal. Click here to read the full story.