Newgard Group And Two Roads Development Secure $513 Million Loan For One Brickell Riverfront

The property asset involved in the transaction is a development site located at 99 Southwest 7th Street in Miami. This site is part of the One Brickell Riverfront project, which consists of two towers intended for luxury condominiums. The financing package secured for the project totals $513 million, consisting of both a senior loan and a mezzanine loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $513,000,000
• Lender: Undisclosed Lender & 3650 Capital
• Landlord: Harvey Hernandez - Newgard Group
• Landlord: Taylor Collins - Two Roads Development
• Loan Type: Construction

The deal features a $370 million senior loan from an undisclosed lender along with a $143 million mezzanine loan from 3650 Capital, highlighting its significance as one of South Florida’s largest loans of the year. The transaction involves key players Harvey Hernandez from Newgard Group and Taylor Collins from Two Roads Development, who are instrumental in the progression of the One Brickell Riverfront project.