$170 Million Construction Loan Closes for SCALE Lending, Upland Park Project in West Miami-Dade County
Wayne Cook, Jack Conboy, Amy MacSporran, Elizabeth O’Brien and Kishan Patel represented SCALE Lending in closing a $170 million construction loan to Terra for phase one of the Upland Park project in West Miami-Dade County (Florida). The loan will be utilized for construction of 578 multifamily apartments with a 2025 start date. Upland Park is envisioned as a $1 billion mixed-use community, and is being billed as the largest public-private transit-oriented development in the area’s history. SCALE Lending is the debt financing arm of Slate Property Group, which focuses on senior secured transitional loans secured by commercial mortgages in the New York Metro area and select high growth transit-oriented markets on the East Coast.
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