The transaction involves a development site located at 244 Southwest 9th Street in Miami. The location is set to host a 310-unit, 26-story apartment tower, which will include retail and parking facilities. The total loan secured for this construction project amounts to $111,300,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $111,300,000
• Lender: David Soloman - Goldman Sachs
• Landlord: Rafael Aregger, Branko Kuzmanović & Michael Marrero - Empira Group
• Broker: Danny Matz - Newmark
• Construction Start Date: Summer 2025
• Expected Completion Date: 2027
• Project Name: Perrin

This deal is facilitated by Danny Matz of Newmark, representing Empira Group, consisting of Rafael Aregger, Branko Kuzmanović, and Michael Marrero. Empira Group’s project, known as Perrin, marks its largest endeavor in the U.S. to date.