YotelPad Miami developer nabs $76M construction loan

YotelPad Miami developer nabs $76M construction loan


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The lender is an Arkansas-based bank.

By South Florida Business Journal, Brian Bandell

In a new statement, the developer said YotelPad is 75 percent pre-sold. More than 46 percent of the buyers are from Mexico and China, and many others come from South America. ...

“Reaching this sales milestone speaks to the strength of the Yotel brand and the strong international network we have tapped. Sales at this rate is not something you see in Miami every day,” said Peggy Olin, CEO of OneWorld Properties. “We are thrilled to continue leveraging new international markets looking to invest in Downtown Miami.”