World Trade Center Developer Gets $50 Million Loan

The developer who is planning the World Trade Center of the Americas obtained a $49.5 million mortgage to buy the Biscayne Boulevard land where the project is planned.

The loan was issued last week, at the same time that the developer closed on the property for $65 million.

Deutsche Bank is the lender. 340 Biscayne Owner, LLC is the borrower.

340 Biscayne lists an Aventura address that is the same as the developer of Regalia in Sunny Isles. The mortgage was signed for by João Woiler, an attorney from São Paulo who lists himself as an authorized representative of the borrower.

World Trade Center of the Americas would become the tallest building in Miami if construction began today. It is slated to include residential, office and hotel uses.