Swiss investment firm Empira Group has secured an $81 million construction loan from Pearlmark to build Aurelian, a 160-unit multifamily development in Coral Gables, Florida. The 12-story project sits on a 1.2-acre site at 114 Calabria Avenue.
CBRE's Charles Crapse and Denny St. Romain arranged the financing for Empira Group. The loan represents Pearlmark's backing of the residential construction effort in the South Florida market.
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