Dezer Bags Largest Construction Loan So Far This Year in SFL for Bentley Residences at $630M

Key Points

• Developer Dezer Development secured a $630 million construction loan from Madison Realty Capital for the 61-story branded-residential tower.

• The project Bentley Residences in Sunny Isles Beach, Florida has already sold over 50% of its 216 units, including two penthouses at $37.5 million each.

• Delivery is on track for 2028, and homes start at around $5.8 million, targeting ultra‐luxury buyers.

Dezer Development, in partnership with luxury carmaker Bentley, has secured major financing for its flagship oceanfront condo tower in Sunny Isles Beach. The $630 million loan signals strong lender confidence in the luxury branded‐residence niche—and gives landlords, brokers and investors a clear signal that high‐end Miami real estate is still moving. 

Financing Deal

• Madison Realty Capital provided the $630 million construction loan for the project.

• The financing was arranged by brokerage firm Berkadia’s South Florida office.

• The size of the loan underscores institutional backing for ultra-luxury product in high performing sub-markets like Sunny Isles.

Insight for investors: Construction‐loan approval of this magnitude sends a positive signal about capital and lender appetite for top-tier branded residences. For landlords, it suggests the high end of the market remains active despite broader macro headwinds.

Project Overview

• Bentley Residences is the world’s first Bentley-branded residential tower, developed by Dezer Development in collaboration with Bentley Motors.

• The tower will rise approximately 61 stories on a 2.4‐acre oceanfront site at 18401 Collins Avenue in Sunny Isles Beach. 

• It will contain 216 homes, each offering ultra-luxury finishes. 

• Notable features: private sky garages accessed via a patented elevator (the “Dezervator”), huge terraces with private pools, Gaggenau kitchens, and bespoke Italian cabinetry. 

• Registered pricing begins at about $5.8 million. 

• The scheduled delivery target is 2028. (Some sources say late 2027) 

Investor relevance: For landlords and brokers, this is a flag for ultra‐luxury waterfront product commanding premium pricing, significant amenity stacks and high barriers to entry. Branded residences often capture a select buyer pool—understanding that niche is key.

Sales Status & Market Implications

• The project reports over 50% of units sold, including two penthouses at $37.5 million each (already recorded).

• Pre‐sales are strong and international buyers are showing up—previous reporting noted ~40% pre‐sold early on. 

• The branded-residence trend: This deal reinforces that luxury developers continue leveraging premium automotive/lifestyle brands (Bentley here, Porsche/Armani previously) to drive differentiation.

Takeaways for landlords/investors:

• High‐end branded towers serve as ultra-premium niche product, not typical rental inventory. Owners are likely long‐term hold or spec sale, not standard buy‐to-rent.

• The financing success suggests lenders believe in the viability of this tier.

• For brokers: product like this appeals to deep-pocket, brand‐sensitive buyers. Positioning, branding, exclusivity matter more than pure yield.

• For broader market watchers: While this doesn’t directly impact mid-tier rental stock, it signals the top end of Miami’s condo market remains resilient.

Ultra-Luxe Lives On

The $630 million construction loan to Dezer Development for Bentley Residences is a strong indicator that ultra-luxury branded condos are alive and well in South Florida. For landlords and brokers focused on luxury waterfront, this project reinforces that brand partnerships, luxury amenities and high-barrier product continue to attract capital and interest.