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Linkvest Capital Provides $17.66M Construction Loan For Smart Brickell Luxe In Miami

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FINANCED
$17,662,500

Florida

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Mixed-use192,422 SF
Financed 05/12/2025
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FINANCED

Linkvest Capital Provides $17.66M Construction Loan For Smart Brickell Luxe In Miami

259 Southwest 9th Street

See Similar Deals
Mixed-use192,422 SF
Financed 05/12/2025
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$91
Total Square Footage:192,422 SF
Transaction Type:Loan

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.

Players

LENDER

Santiago Vanegas
9 deals$149.6M volume
LANDLORD

Details

FINANCED
IMAGE: Alen Hernandez, Camilo Niño, Santiago Vanegas & Ricardo Uribe DATE: 5/12/2025 ADDRESS: 259 Southwest 9th Street MARKET: Miami ASSET TYPE: Mixed-use ~ UNITS: 53 ~ SF: 192,422 LENDER: Ricardo Uribe, Camilo Niño & Alen Hernandez - Linkvest Capital (@LinkvestCapital) LANDLORD: Santiago Vanegas - Habitat Group (@HabitatGroupMiami) LOAN AMOUNT: $17,662,500 LOAN TYPE: Construction NOTE FROM LENDER: Linkvest Capital, through its private lending affiliate LV Lending, provided a $17,662,500 million loan to refinance the land and fund the ongoing construction for Smart Brickell Luxe, the third and final phase of the three-tower Smart Brickell condo. Habitat Group broke ground on Smart Brickell Luxe in December 2024. Linkvest Capital’s financing includes an initial disbursement of $8.6 million to refinance the Smart Brickell Luxe land loan and construction loan for Smart Brickell II. The remaining $9 million will be allocated to fund the ongoing construction of Smart Brickell Luxe, a condo-hotel. The first two phases of Smart Brickell have been completed and successfully sold out. ̃o

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,662,500.00

Monthly NOI$117,750.00
Monthly Debt Service$111,639.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00