### Constellation Group Secures $42.3M Loan for Miami Beach Condo Development
The Constellation Group, in partnership with The Boschetti Group and Vietmar, has secured a $42.3 million construction loan for *Ella Miami Beach*, a boutique 10-story condominium located in Miami’s North Beach neighborhood. The financing was arranged by Berkadia South Florida and provided by Amerant Bank, structured as a three-year, floating-rate loan.
Leading the deal from Berkadia were Scott Wadler, Mitch Sinberg, Brad Williamson, Matt Robbins, and Mike Basinski.
Construction for *Ella Miami Beach* commenced in February 2025, with completion expected in 2026. The project, situated at 6940 Abbott Avenue, is designed by the renowned architectural firm Arquitectonica.
Residences in this development range from 342 to 1,089 square feet, with prices starting in the $500,000s. Each unit features private terraces, while amenities include a rooftop pool and fitness center, a pickleball court, a residents’ lounge, a summer kitchen with an outdoor dining space, an observation deck, and a private beach club.
