JLL Arranges $413M Construction Loan For One Twenty Brickell Residences In Miami

One Twenty Brickell Residences is a luxury mixed-use development located at 120 Southwest 8th Street in Miami, featuring a 266-unit condo tower and a 537-unit apartment tower. The project is financed with a construction loan amounting to $413,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $413,000,000
• Lender: Joshua Acheatel - Monarch Alternative Capital, David Proctor and Brandon Heim – Ares
• Landlord: Dan Kaplan, Ryan Shear & Andrew Warman - Property Markets Group
• Brokers: Christopher Peck, Brian Gaswirth, Nicco Lupo, Nick Lavin, Jimmy Calvo & Paul Adams - JLL
• Loan Type: Construction

JLL Capital Markets arranged the construction financing for the development, signifying their role in securing the financial backing necessary for this significant project in Miami's real estate market.