Shigeru Ban Of Yakol Capital Partners Secures $30 Million Loan For Development Site In Miami

The property asset involved is a development site located at 5431 Northeast 2nd Avenue in the Miami market. The site is part of a residential project called HOUSE by Shigeru Ban, designed by Pritzker Prize Laureate Shigeru Ban. The project will comprise approximately 300 residences across four towers featuring retail spaces and extensive amenity programming. The loan amount for this project is $30,000,000, secured through an equity loan type.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Lender: HH Monaco
• Landlord: Shigeru Ban - Yakol Capital Partners
• Loan Type: Equity
• Market: Miami

The individuals and companies key to this transaction include HH Monaco Capital Partners, which has launched the Equity-Backed Residences Program for the HOUSE project, aimed at international investors. This program is exclusively available to non-U.S. high net worth investors in compliance with U.S. securities regulations, while no interests are offered to U.S. persons.