Rendering of Hollywood Circle and developer Chip Abele
Financing will be used to pay back $60M construction loan
Hollywood Circle, a mixed-use project funded in part with Chinese EB-5 money, closed on a $125 million loan.
The financing, which comes from Athene Asset Management and Ace Global Multi-Credit LLC and other lenders, was used to pay off a $60 million construction loan from City National Bank and to provide working capital for the project, according to a release.
https://therealdeal.com/miami/2019/06/19/eb-5-funded-project-in-downtown-hollywood-scores-125m-loan/
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