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13199 Southwest 226th Court

Updated Oct 1, 2026

FINANCEDDevelopment Site

Salim Chraibi Of Bluenest Secures $74 Million Loan For Development In Southern Miami-Dade

13199 Southwest 226th Court, 11401 Southwest 232nd Street, 19850 Southwest 124th Court & 11451 Southwest 216th Street

$74,000,000

Building Size

—

Asset Type

Development Site

Closing

Sep 29, 2026

About this deal

AI

The asset involved in the transaction is a development site located at 13199 Southwest 226th Court, 11401 Southwest 232nd Street, 19850 Southwest 124th Court & 11451 Southwest 216th Street in Goulds & Miami, FL. The total loan amount secured for this site is $74 million, aimed at constructing 226 homes across four communities in southern Miami-Dade County.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $74,000,000
Lender: Ascent Developer Solutions & Genesis Capital
Landlord: Salim Chraibi - Bluenest
Loan Type: Construction

The financing arrangement includes a significant contribution of $34 million from Ascent Developer Solutions for the Solara community, as well as $19 million from Genesis Capital for K-Legacy. Additionally, Ascent provided $11.5 million for Quail Roost Gardens, and Genesis contributed $9.5 million for Gardens at Cutler Bay. The developer, Bluenest, is planning to complete more than 600 homes in 2027.