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24 Southwest 4th Street

Updated Nov 3, 2026

FINANCEDMultiFamily

Edgardo Defortuna, Shahab Karmely, And Alan Faena Borrow $817 Million For Miami Condo Development

24 Southwest 4th Street

$817,000,000

Units

434

Asset Type

MultiFamily

Closing

Oct 28, 2026

About this deal

AI

The property involved in this transaction is a condo located at 24 Southwest 4th Street in the Miami market, encompassing a total of 434 units. The loan amount for this construction project is $817,000,000.

Summary of transaction details:

Property Type: Condo
Transaction Amount: $817,000,000
Lender: Adi Chugh - TYKO Capital
Borrower: Edgardo Defortuna - Fortune International Group
Borrower: Shahab Karmely - KAR Properties
Borrower: Alan Faena - Faena
Brokers: Michael Stepniewski, Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer & Sean Bastian - Walker & Dunlop
Date: 10/28/2026

This transaction involves several key individuals including Edgardo Defortuna, Shahab Karmely, and Alan Faena who are the borrowers representing their respective companies in this deal. The lender, Adi Chugh, is representing TYKO Capital, while the broker team from Walker & Dunlop includes multiple representatives such as Michael Stepniewski and Keith Kurland among others.