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Estate Companies Buys Homestead Site, Plans Mixed-Use Project

Estate Nabbed Loan to Turn Hialeah Hotel to Multifamily

Share via Shortlink The Estate Companies Managing Principal Robert Suris and Principal Jeffrey Ardizon with the existing Ramada Inn property and renderings of Alture Westland multifamily building (The Estate Companies) A plan to convert a long-closed Hialeah hotel into multifamily is moving forward, as the developer scored $29.5 million in construction financing. The Estate Companies has started construction to turn the Ramada Inn at 1950 West 49 Street into Alture Westland, according to a press release. The project is expected to be finished in the fourth quarter. Conway, Arkansas-based Centennial Bank, led by John Allison, issued a $22.45 million loan, and Miami-based private lender LV Lending, led by Camilo Niño, provided $7 million in mezzanine financing.

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