Black River Partners Lends $21M in Hialeah Multifamily Developments

Apr 19, 2021


Black River Partners logo


MIAMI - April 19, 2021 - (Newswire.com)

Black River Partners has put together a loan syndicate of $21 million for Prestige Companies to build out three multifamily apartment complexes in Hialeah. Black River Partners is bringing a total of 180 new workforce units to the city, which is currently experiencing new heights of interest and activity. Once completed, the three projects are projected to have a value of $35-$40 million and will be significant to the growth in Hialeah.

The three projects will be: Champion's Lofts located by Hialeah Park Racing & Casino, Poe's Lofts in the burgeoning Amelia District, and Palm Ave Lofts, located in an opportunity zone within the city of Hialeah. Both Hialeah Park Racing & Casino and the Amelia District are currently seeing considerable changes that are opening the door to live-work-play lifestyles and encouraging younger generations to choose to stay in their hometown. Black River Partners have a proven track record lending in Hialeah and Prestige Companies continues to be the area's leading developer, spearheading redevelopments like the Amelia District.

"We have been working with Black River Partners for over a decade now and love their commitment to a long-term vision with meaningful projects," says Alexander Ruiz, COO of Prestige Companies.

"Drive around Hialeah and you'll see construction like you've never seen in this city. It's a new day with new promise," says Luis F. Arrizurieta of Black River Partners. "Seeing the Prestige team transform this former warehouse district — it's like the early days of Wynwood."

"As an alternative to conventional banking, Black River has allowed many developers, including ourselves, to navigate through projects in a much quicker manner. The syndicate understands construction, rezoning and ultimately, value," comments Dennis Rodriguez, a partner at Prestige Companies.

For more information, please contact Creative Mindworks' Lizette Fernandez at [email protected] or (305) 785-6777.




Press Release Service by Newswire.com

Original Source: Black River Partners Lends $21M in Hialeah Multifamily Developments

More News

Ateneo de Zamboanga grade school beefs up security amid threat messages
Oct 18, 2026
Ateneo de Zamboanga grade school beefs up security amid threat messages

PAGADIAN CITY, Zamboanga del Sur — Security measures have been tightened at the Ateneo de Zamboanga University (AdZU) Grade School Department, even as school authorities assured the public on Sunday that no substantiated threat had been identified following the circulation of messages alleging a violent attack on the school on Monday, Oct. 19. In an

Prosecution expects Ombudsman to file raps vs VP over fund misuse
Oct 18, 2026
Prosecution expects Ombudsman to file raps vs VP over fund misuse

MANILA, Philippines — The House prosecution panel expects the Office of the Ombudsman to file criminal cases against Vice President Sara Duterte over the alleged misuse of confidential funds, following the agency’s announcement Friday that it has begun evaluating the evidence. House trial spokesperson Zia Alonto Adiong of Lanao del Sur said Sunday that the

Hope, faith, family support fan breast cancer patients’ path to recovery
Oct 18, 2026
Hope, faith, family support fan breast cancer patients’ path to recovery

ILIGAN CITY — Cancer may have changed their lives, but it did not take away their hope. Two breast cancer survivors shared how faith, medical treatment and family support helped them navigate years of uncertainty, urging women to seek early detection and patients to remain hopeful. Grace Lao Isidro, a retired pharmacist who has lived

DENR ramps up forest protection, reforestation amid El Niño risk
Oct 18, 2026
DENR ramps up forest protection, reforestation amid El Niño risk

MANILA, Philippines — Forests help keep water flowing to communities, particularly during prolonged dry spells. As El Niño recurs every few years, the Department of Environment and Natural Resources (DENR) is expanding forest protection patrols and accelerating targeted reforestation across critical watersheds nationwide to help forests retain water, regulate streamflow, reduce soil erosion and recharge

PHILTHRA urges harm reduction: Studies back lower-risk nicotine products
Oct 18, 2026
PHILTHRA urges harm reduction: Studies back lower-risk nicotine products

MANILA, Philippines — Citing studies that suggest lower risks from nicotine products other than traditional cigarettes, the Philippine Tobacco Harm Reduction Advocates (PHILTHRA) identified e-cigarettes, heated tobacco products and nicotine pouches as less harmful alternatives for smokers who switch completely, based on what it described as current scientific evidence. PHILTHRA convened the 2nd National Summit

Defense reporters reject Chinese's embassy swipe at Filipino journalists
Oct 18, 2026
Defense reporters reject Chinese's embassy swipe at Filipino journalists

The Defense Press Corps rejected remarks made by the Chinese Embassy in Manila against Filipino journalists, whom it said have “very limited comprehension” and are only “creating hype.”

Floodwaters submerge graves in South Cotabato cemetery ahead of Undas
Oct 18, 2026
Floodwaters submerge graves in South Cotabato cemetery ahead of Undas

BANGA, South Cotabato — Several graves at the Banga Public Cemetery remain submerged in floodwaters on Sunday following several days of rain, posing a challenge to families preparing to clean and tidy the burial sites of their loved ones ahead of Undas. Some parts of the cemetery have also become muddy and difficult to walk

2 alleged fixers nabbed over disorderly behavior in LTO central office
Oct 18, 2026
2 alleged fixers nabbed over disorderly behavior in LTO central office

MANILA, Philippines — Two suspected fixers were arrested by Highway Patrol Group (HPG) personnel assigned to the Land Transportation Office (LTO) over their disorderly behavior in the agency’s central office. According to the LTO on Saturday, the two men were arrested after they were not allowed to proceed with their transactions in changing license plates

PDEA seizes P415.6-M illegal drugs, arrests 126 suspects
Oct 18, 2026
PDEA seizes P415.6-M illegal drugs, arrests 126 suspects

MANILA — The Philippine Drug Enforcement Agency (PDEA) seized P415.63 million worth of illegal drugs and arrested 126 suspects in 81 nationwide operations Oct. 8 to 14. In a news release Sunday, the PDEA said the operations included buy-busts, interdiction activities, marijuana eradication, search and seizure operations, and the implementation of search warrants. Of those

AFAB, Bataan officials seek solution to long-standing housing row
Oct 18, 2026
AFAB, Bataan officials seek solution to long-standing housing row

MARIVELES, Bataan — A long-standing housing dispute affecting hundreds of residents, mostly former employees of the Bataan Export Processing Zone (BEPZ) and their dependents, may soon be resolved following discussions between the Authority of the Freeport Area of Bataan (AFAB) and local officials. AFAB Administrator and Chief Executive Officer Hussein Pangandaman met with Bataan third

LTFRB: Over 600 TNVS partners under ‘tempo’ status to be regularized
Oct 18, 2026
LTFRB: Over 600 TNVS partners under ‘tempo’ status to be regularized

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) on Sunday said 638 transport network vehicle service (TNVS) partners would be granted regularized status, having already been issued provisional authority. According to the LTFRB, it had received 9,036 applications from TNVS partners with “tempo” status, a practice in which transport network companies (TNCs)

No winner of major lotto games on Sunday as Ultra Lotto jackpot reaches P410 million
Oct 18, 2026
No winner of major lotto games on Sunday as Ultra Lotto jackpot reaches P410 million

There were no winners of either of the major lotto games played on Sunday, October 18, 2026, with one jackpot now well over P400 million.

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Voice of KL

We may be unheard, but things are different now. Voice of KL represents the voice of Malaysians who want you to discover the beautiful and developed city of Malaysia.