Starwood Property Trust Provides $148.5M Construction Loan For Miami Condo Development

A construction loan in the amount of $148,500,000 was provided by Starwood Property Trust for a condo property located at 1025 North Miami Avenue and 20 & 30 Northeast 11th Street in Miami. The property is owned by Property Markets Group represented by Ryan Shear and E11even Partners represented by Michael Simkins and Marc Roberts.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $148,500,000
• Address: 1025 North Miami Avenue, 20 & 30 Northeast 11th Street
• Market: Miami
• Lender: Starwood Property Trust
• Landlord: Property Markets Group (Ryan Shear) & E11even Partners (Michael Simkins & Marc Roberts)

The construction loan provided by Starwood Property Trust has been instrumental in facilitating the development of the condo property located at 1025 North Miami Avenue and 20 & 30 Northeast 11th Street. Ryan Shear represents Property Markets Group in this transaction, while Michael Simkins and Marc Roberts act as representatives for E11even Partners. This loan is of the construction type, indicating that it will be used to fund the construction of the condo property.