Meta Development scores $28M loan to build Coconut Grove condos
Meta Development scored a $28M construction loan to build Opus, a planned 12-unit boutique condominium in Coconut Grove. Los Angeles-based Arixa Capital provided the financing to Miami-based Meta, a joint venture between Lucid Investment Group, also based in Miami, and Brazil’s Iron Capital, a press release states. Meta is led by CEO Andrew Rasken. The firm plans to soon begin demolition of a former rental townhome complex at 3127 Southwest 27th Avenue, and expects to complete Opus in 2027, the release states. A Meta affiliate bought the property for $6.7 million in 2023, records show. Designed by Brazilian architect João […]This article originally appeared on The Real Deal. Click here to read the full story.
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