Coastland Residential Secures $84.5 Million Loan For Vybe 75 Development In Miami

Located at 4383 Southwest 75th Avenue in Miami, FL, the asset is a development site focused on an eight-story mixed-use project named Vybe 75. The project will feature 366 residences along with 5,000 square feet of ground-floor retail space. This construction project secured a loan amount of $84,500,000 to facilitate its development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $84,500,000
• Loan Type: Construction
• Landlord: Anthony Seijas - Coastland Residential

Coastland Residential is spearheading this initiative, with plans to deliver approximately 1,000 residences in total across multiple phases. The residences will target households earning up to 120% of the area median income, marking a significant addition to the Miami market.