Linkvest Capital Provides $17.66M Construction Loan For Smart Brickell Luxe In Miami
259 Southwest 9th Street
$17,662,500
$91/SF
Building Size
192,422 SF
Asset Type
Mixed-use
Closing
May 11, 2025
About this deal
AI
The mixed-use property located at 259 Southwest 9th Street in Miami consists of 53 units and spans 192,422 square feet. The transaction involves a construction loan totaling $17,662,500, provided to refinance the land and support ongoing construction for Smart Brickell Luxe, part of a three-tower condominium project known as Smart Brickell.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $17,662,500
- Address: 259 Southwest 9th Street
- Market: Miami
- Units: 53
- Square Footage: 192,422
- Lender: Ricardo Uribe, Camilo Niño & Alen Hernandez - Linkvest Capital
- Landlord: Santiago Vanegas - Habitat Group
- Loan Type: Construction
- Initial Disbursement: $8.6 million
- Remaining Financing: $9 million
Linkvest Capital, through its private lending affiliate LV Lending, facilitated the loan to Habitat Group, which is responsible for the Smart Brickell Luxe project that commenced construction in December 2024. The financing arrangement supports the refinancing of the land loan and construction financing for the previous phase, Smart Brickell II, while also allocating funds for the ongoing construction of the condo-hotel.
On the Map
$17,662,500
$91/SF
Mixed-use
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Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93