Canyon Capital Provides $123.6M Construction Loan for Echo Brickell

by John Nelson

MIAMI — Canyon Capital Realty Advisors LLC has provided a $123.6 million construction loan for Echo Brickell, a 57-story residential condominium development in Miami’s Financial District. Echo Brickell is currently more than 80 percent presold. Kevin O’Grady, Daniel Sheehan and Eric McGlynn of Cohen Financial arranged the non-recourse loan through Canyon Capital on behalf of the borrower, Property Markets Group. Construction on Echo Brickell is slated to begin in late October for a 2017 delivery.

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