Naftali scores $465M financing for Miami Worldcenter condo/apartment tower

Naftali Group closed on nearly half a billion in financing for its JEM Private Residences at Miami Worldcenter.  The New York-based development firm secured $235 million in C-PACE financing from Darien, Connecticut-based Nuveen Green Capital, and $230 million in traditional construction loans from BHI, the U.S. arm of Israel-based Bank Hapoalim, according to a press release.  The new financing, totaling $465 million, likely pays off a $35 million pre-development loan secured last year from BHI.  C-PACE stands for Commercial Property Assessed Clean Energy. It is a financing tool that encourages the use of energy efficient and sustainable materials and design. […]

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