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MG Developer Closes $23 Million Refinance With Interaudi Bank For Regency Miami Airport Hotel

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FINANCED
$23,000,000

Florida

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Hotel
Financed 02/12/2026
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Property Image
FINANCED

MG Developer Closes $23 Million Refinance With Interaudi Bank For Regency Miami Airport Hotel

1000 Northwest 42nd Avenue

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Hotel
Financed 02/12/2026
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Loan

The asset involved in this transaction is the Regency Miami Airport by Sonesta, a hotel featuring 176 keys located at 1000 Northwest 42nd Avenue in Miami. The transaction involved a refinancing loan amount of $23,000,000, focusing on enhancing the capital structure for the property. The hotel is a five-story building situated in the Miami market.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $23,000,000
  • Lender: Interaudi Bank
  • Landlord: Alirio Torrealba - MG Developer

The deal involves MG Developer, represented by Alirio Torrealba, securing a refinancing arrangement from Interaudi Bank to optimize the financial structure of the hotel. The refinancing presents opportunities for future development on available land, particularly as the surrounding Miami Airport submarket is poised to benefit from new developments, including Miami Freedom Park and Inter Miami CF’s upcoming stadium complex.

Players

Interaudi Bank
Interaudi Bank
LENDER
Alirio Torrealba
MG Developer
Alirio Torrealba
15 deals$402.4M volume
LANDLORD

Details

FINANCED
IMAGE: Alirio Torrealba DATE: 02/12/2026 ADDRESS: 1000 Northwest 42nd Avenue MARKET: Miami ASSET TYPE: Hotel ~ KEYS: 176 LENDER: Interaudi Bank LANDLORD: Alirio Torrealba (@AlirioTorrealba) - MG Developer (@MGDeveloper) LOAN AMOUNT: $23,000,000 LOAN TYPE: Refinance NOTE: The deal: MG Developer closed a $23M refinancing from Interaudi Bank on the 176-key Regency Miami Airport by Sonesta, a five-story hotel at 1000 NW 42nd Ave. in Miami. The loan restructures the capital stack and adds flexibility for future development on excess land as the Miami Airport submarket benefits from nearby projects including Miami Freedom Park and Inter Miami CF’s upcoming stadium complex.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,000,000.00

Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00