13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas, one of Miami’s largest and most transformative transit-oriented communities. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank.
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Allen Morris Company Closes $43 Million Construction Loan with Affinius Capital and Axonic Capital For Second Phase of Bayshore Apartments in Sarasota
Allen Morris Company has closed on a $43 million construction loan from Affinius Capital LLC (“Affinius Capital”), in partnership with Axonic Capital LLC (“Axonic”), to commence development of Bayside North, the second phase of its signature $250 million Bayside project in Sarasota, Florida.
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Fisher Brothers Secures $117.5 Million Refinancing from Bain Capital for Joule House, A New Mixed-Use Multifamily Community in Wynwood
Fisher Brothers, the fourth-generation real estate company known for creating design-forward, community-oriented destinations across the country, has secured a $117.5 million refinancing from Bain Capital for Joule House, Wynwood’s most design-forward residential community.
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13th Floor Investments and Rockpoint Lock Down $100 Million in Construction Financing For Link at Boca Transit-Oriented Multifamily in Boca Raton
A joint venture between South Florida-based developer 13th Floor Investments and Boston-based Rockpoint has secured $100 million in construction financing from Santander Bank to develop Link at Boca, an eight-story transit-oriented multifamily community adjacent to the Boca Raton Tri Rail Station.
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Rilea Group Secures $150 Million in Construction Financing for Mohawk at Wynwood in Miami
Miami-based real estate developer Rilea Group has closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily community now under construction in the heart of Miami’s Wynwood Arts District.
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Oak Row Equities and LNDMRK Development Lock Down $210.5 Million In Financing and Break Ground on 2900 Terrace in Miami's Edgewater Neighborhood
Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $3.9 billion of development in South Florida led by Erik Rutter and David Weitz, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions led by Alex Karakhanian, have broken ground on 2900 Terrace.
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The Diver - Krave
Fisher Brothers Opens 'Calle Collective' Open Air Art Gallery At 'Joule House' in Wynwood
Community, culture, and art are the heartbeats of Wynwood, where every wall tells a story and every mural shapes its identity. Inspired by this notion, developer Fisher Brothers have unveiled Calle Collective—Wynwood’s newest open-air gallery where local art takes center stage.
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Mast Capital & AEW Sell 342-unit Apartment Building in Miami River District
Mast Capital and AEW Capital Management have completed the sale of Remi on the River, a 342-unit luxury apartment community along the Miami River, to Valeris Capital. CBRE’s Robert Given, Troy Ballard, and Michael Mulkern advised on the sale. The transaction highlights continued investor demand for well-located multifamily assets in Miami’s growing urban core.
Berkadia Secures $57M Bridge Loan for Midtown Capital Partners’ Lake Worth Apartment Project
Berkadia has arranged a $57 million bridge loan to refinance the construction debt on Astor Sound at Lake Worth, a new 230-unit multifamily community in Palm Beach County that is nearing completion.
The financing team included Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, along with Vice President Patrick Johnson. The loan was secured on behalf of the sponsor, Midtown Capital Partners, a Miami-based real estate investment advisor, operator, and developer with a portfolio spanning the U.S. and Spain. Infinity Collective originated the two-year loan, which includes an option for a six-month extension.
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'Wynwood Haus' Locks Down $56 Million Refinancing of Multifamily Apartment Tower Overseen By Berkadia
Berkadia, a distinguished leader in the commercial real estate sector, announces it arranged a $56 million loan to recapitalize Wynwood Haus, a newly built 224-unit multifamily community with ground-floor retail located at the entrance to Miami’s Wynwood neighborhood.
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