Brent Reynolds Of Nolan Reynolds International Secures $177 Million Loan For THesis Miami

This mixed-use development involves a total of 204 residential units and includes a 245-key hotel and approximately 27,266 square feet of retail space. Located at 1350 South Dixie Highway in Coral Gables, Miami, the asset spans 894,311 square feet. The loan amount secured for this project is $177,000,000, which is designated for a mixed-use refinance encompassing multifamily, hotel, and retail purposes.

Summary of transation details:

• Property Type: Mixed-use (Multifamily, Hotel & Retail)
• Transaction Amount: $177,000,000
• Lender: Jeff DiModica & Dennis Schuh - Starwood Property Trust; Richard Mandel - Ramsfield Hospitality Finance
• Borrower: Brent Reynolds - Nolan Reynolds International (NRI)
• Capital Advisor: Faisal Ashraf - Lotus Capital Partners
• Loan Type: Mixed-use Refinance (Multifamily, Hotel & Retail)

Lotus Capital Partners arranged and structured two separate financings for THesis Miami, including a $135 million facility from Starwood Property Trust for the multifamily and retail components, alongside a $42 million hotel financing from Ramsfield Hospitality Finance. Each financing is aligned with the project's respective business plan, which will enhance the asset's operational performance.