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Barry Sternlicht’s Starwood provides $64M refi for Lissette Calderon’s Allapattah project

Source: The Real Deal

Lissette Calderon’s nearly completed multifamily project in Miami’s Allapattah scored a $63.5 million refinancing from billionaire Barry Sternlicht’s Starwood Property Trust. Miami Beach-based Starwood provided the bridge loan to Calderon’s Miami-based Neology Development Group. The new mortgage pays off a previous $57.5 million construction loan from Churchill Real Estate to build Fourteen Main Street Residences at 1470 Northwest 36th Street, a press release states.

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