Arnstein & Lehr Team Arranges $154M Loan to Redevelop Las Olas Riverfront
Arnstein & Lehr partner Luis Flores helps lead the way for Property Markets Group's first Fort Lauderdale project.
July 18, 2017 at 02:00 PM
4 minute read
Arnstein & Lehr attorney Luis Flores is paving the path for Property Market Group's first development in Broward County.
The Miami partner originally helped PMG purchase 2.4 acres at Las Olas Riverfront in January. The developer acquired a large chunk of the underperforming Fort Lauderdale retail center for $29 million from developer Dev Motwani, with plans to transform it into a mixed-use development with over 1,000 rental units.
Flores has now negotiated a $154 million construction loan for the first phase of the Riverfront project. He has represented PMG in its South Florida ventures over the last decade.
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