Claudio Fischer Of CF TSG Brickell Secures $65 Million Loan From Banco Santander For Miami Development Site

A development site located at 68, 82, 84 Southwest 13th Street & 1399 Southwest First Avenue in Miami has been secured for a loan amount of $65,000,000. The asset spans 1 acre and is intended for the construction of a 41-story residential tower comprising 544 units, along with retail and parking facilities. This site was previously anchored by the Mexican consulate and is under contract to Miami-based Key International.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $65,000,000
• Lender: Banco Santander
• Landlord: Claudio Fischer - CF TSG Brickell
• Contract Buyer: Key International
• Project Details: 41-story residential tower with 544 units
• Site Size: 1 acre

Claudio Fischer is undertaking this project as his first high-rise development, and the purchase-sale agreement with Key International has been utilized as collateral for the loan. This transaction highlights Key International’s expanding development pipeline in Miami.