J.P. Morgan And Sculptor Capital Management Provide $565.35M Construction Loan For Development Site In Miami
1428 Brickell Avenue
$565,350,000
Building Size
—
Asset Type
Development Site
Closing
Oct 14, 2025
AI
The asset involved in the transaction is a development site located at 1428 Brickell Avenue in the Miami market. The property is financed through a construction loan totaling $565,350,000. The transaction was executed in a notable and strategic area, potentially positioned for future growth and development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $565,350,000
- Lender: J.P. Morgan & Sculptor Capital Management
- Landlord: Yamal Yidios, John Breistol, Gustavo Barros & Jack Henry Kapp - Ytech @1428Brickell
- Brokers: Melissa Rose, Brian Gaswirth, Paul Adams & Nicole Diaz - JLL
The individuals involved in this transaction include landlords Yamal Yidios, John Breistol, Gustavo Barros, and Jack Henry Kapp representing Ytech. The brokerage team from JLL consists of Melissa Rose, Brian Gaswirth, Paul Adams, and Nicole Diaz, who played a crucial role in facilitating this deal.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93