A $166.1 million construction loan has been granted to SLS LUX Brickell Hotel and Residences from  the TPG Real Estate Finance Trust.

The loan will be given to AMCO PRH 801 South Miami Avenue, which will include The Related Group and The Allen Morris Company. The site is located in the Financial District, and will include a mix of 450 residences and 84 suites. Amenities will include a tennis court, three pools, spa, and food and beverage outlets. SLS LUX is 92 percent sold out and is set for completion in 2017.

Ben Gerber, the vice president of finance of The Related Group, feels that the loan will contribute to the completion of the project.

“Despite how competitive the market has grown, lenders are still eager to work with developers who come to the table with a solid track record and a project thoughtfully designed for success,” Gerber said. “Securing this loan really speaks to our strong and steady performance and our reputation for delivering quality projects on time.”