MG Developer, one of Miami’s premier real estate development firms, announces it has secured $105 million in construction financing for Metro Parc South, a 347-unit transit-oriented multifamily community in Hialeah, Florida that forms part of MG Developer’s Metro Center master project. New York-based SCALE Lending, the debt financing arm of Slate Property Group, provided the new loan.
SCALE, a direct lender providing first mortgage financing secured by commercial real estate, has financed more than $3B in loan originations for residential projects. Speaking to institutional confidence in MG Developer, the financing of Metro Parc South is part of SCALE Lending’s continued entry into the Miami market, working with established firms like MG Developer on compelling projects in high-growth areas.
“Our team is proud to have secured this construction loan through SCALE Lending as our financial partner for Metro Parc South,” said Alirio Torrealba, CEO of MG Developer. “This alliance represents more than just financing—it is a testament to trust, share vision, and institutional support at the highest level.”…