Affinius Capital Provides $250 Million Loan For Brickell Starlite Multifamily Development In Miami

The asset involved in the transaction is a multifamily development located at 125 Southwest 8th Street in Brickell, Miami, FL. The project consists of 517 residential units, housed within a 39-story tower, and has a total square footage of 410,000. The loan amount secured for this development is $250,000,000, classified as a construction loan.

Summary of transaction details:

• Property Type: Multifamily Development
• Transaction Amount: $250,000,000
• Market: Brickell, Miami, FL
• Asset Size: 410,000 SF
• Units: 517
• Lender: Michael Lavipour & Eric Cohen - Affinius Capital
• Developers: Tim Anderson & Vicky Lee – Focus; Bill O’Kane, Brad Muth & Griffin Gagnier – Group Fox
• Brokers: Chris Lentz, Chris Moyer, Jeff Altenau, Susan Tjarksen & Marc Royer - Cushman & Wakefield
• Loan Type: Construction
• Loan Terms: Senior & Subordinate Construction Financing; Floating Rate

The brokerage team from Cushman & Wakefield, including Chris Lentz, Chris Moyer, Jeff Altenau, Susan Tjarksen, and Marc Royer, was instrumental in arranging the financing for Focus and Group Fox. Notable efforts by Eric Cohen and Michael Lavipour of Affinius Capital contributed to the rapid closing of the transaction before year-end, along with developers Tim Anderson and Vicky Lee from Focus, and Bill O’Kane, Brad Muth, and Griffin Gagnier from Group Fox.