Madison Realty Capital Provides $262M Construction Loan For Condo Development In Miami | 50-90 Northeast 11th Street | Chris Drew, Jimmy Calvo, Christopher (Chris) Peck, Brian Gaswirth, Alex Staikos | Condo | Loan

Summary

Loan

FLORIDA

Condo

423,555 sqft

The property involved in this closed transaction is a condominium located at 50-90 NE 11th Street in Miami. The condo has a total square footage of 423,555.

Summary of transaction details

Property Type: Condo
Transaction Amount: $262,000,000
Address: 50-90 NE 11th Street, Miami
Market: Miami

The lender for this transaction was Madison Realty Capital, providing a construction loan. The landlord involved in the deal is PMG & E11EVEN Partners. The brokerage team representing the deal includes Christopher Peck, Chris Drew, Brian Gaswirth, Alex Staikos, and Jimmy Calvo from JLL.

Players

All
6

Agents
5
Agencies
1

Chris Drew

Senior Managing Director

Jimmy Calvo

Capital Markets Associate

Christopher (Chris) Peck

Senior Managing Director

$146.1M Sold

$314M Sold

Details

Deal Summary

FINANCED

IMAGE: Christopher Peck, Chris Drew, Brian Gaswirth, Alex Staikos, Jimmy Calvo DATE: 05/31/2023 ADDRESS: 50-90 NE 11th Street MARKET: Miami ASSET TYPE: Condo - SF: 423,555 LENDER: Madison Realty Capital (@MadisonRealtyCapital) LANDLORD: PMG & E11EVEN Partners BROKERS: Christopher Peck, Chris Drew, Brian Gaswirth (@BGassy), Alex Staikos (@AStaikos) & Jimmy Calvo (@JCalvo1993) - JLL (@JLL) LOAN AMOUNT: $262,000,000 LOAN TYPE: Construction Loan

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Address50-90 Northeast 11th Street

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