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1428 Brickell Avenue

J.P. Morgan And Sculptor Capital Management Provide $565.35M Construction Loan For Development Site In Miami
FINANCEDDevelopment Site

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:

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

Brian Gaswirth

JLL

Broker

$6.3B

vol

45 deals

Broker
JLL
JLLBrokerage
J.P. Morgan Chase
J.P. Morgan ChaseLender
Gustavo Barroso

Gustavo Barroso

Ytech

Landlord

$566.5M

vol

2 deals

Landlord

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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