MIRAI Design District Secures $85.5 Million Construction Loan From Monroe Capital In Miami

The property asset involved in this transaction is a mixed-use development located at 4200 Northwest 2nd Avenue in Miami, comprising 65,000 square feet. The construction loan secured for this project amounts to $85,500,000, facilitated by Monroe Capital.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $85,500,000
• Lender: Monroe Capital
• Landlord: Eduardo Pelaez, Alvaro Cardenas (WellDuo); Allison Greenfield (Leviathan Development); Ophir Sternberg (Lionheart Capital); Matthew Lane (Lane Organization)
• Landlord's Representative: Emile Schachter - WD Capital Group
• Lender's Representative: Scott Wadler - Berkadia
• Loan Type: Construction

WD Capital Group, in partnership with Berkadia, arranged and structured the $85.5 million construction loan for the MIRAI Design District, which marks the first mixed-use project in the United States by Kengo Kuma and Associates. The development features retail units on the ground floor and modern commercial office spaces above, aimed at creating an upscale lifestyle experience in the city. WD Capital is also engaging in structuring equity and credit facilities within the Florida Tri-County region.