JLL Capital Markets Secures $115M Loan For Metro Edgewater Apartment Tower In Miami | 452 Northeast 31st Street | Joshua "Josh" Odessky, Kenny Cutler, Jesse Wright, Elliott Throne, J.J. Hovenden | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

A $115 million financing package has been secured by JLL Capital Markets for Metro Edgewater, a newly completed 279-unit apartment tower located in Miami's Edgewater neighborhood. The loan, arranged for the borrower consortium comprised of Lujeni Corp, Camino Capital Management, and Building Block Realty, supports this Class A property. Metro Edgewater offers upscale amenities and is conveniently situated within a 10-minute drive from Downtown Miami and Brickell.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $115,000,000
Units: 279
Address: 452 Northeast 31st Street, Miami

JLL served as the broker for this financing deal. The broker team from JLL consisted of Elliott Throne, J.J. Hovenden, Jesse Wright, Joshua Odessky, and Kenny Cutler. They successfully facilitated the transaction on behalf of the borrower consortium consisting of Lujeni Corp, Camino Capital Management, and Building Block Realty.

Players

All
6

Agents
5
Agencies
1

Joshua "Josh" Odessky

$104.7M Sold

Senior Managing Director, Capital Markets

J.J. Hovenden

Analyst

JLL

Details

Deal Summary

FINANCED

IMAGE: Michael Squires, Connor Pensabene, Elliott Throne, Joshua Odessky, Kenny Cutler, J.J. Hovenden & Jesse Wright DATE: 12/20/2023 ADDRESS: 452 Northeast 31st Street MARKET: Miami ASSET TYPE: MultiFamily ~ UNITS: 279 LENDER: MF1 Capital - Michael Squires, Phil Pesant & Connor Pensabene (@Connor_Pensabene) LANDLORD: Lujeni Corp, Camino Capital Management & Building Block Realty BROKERS: Elliott Throne, J.J. Hovenden (@JJ_Hovenden), Jesse Wright, Joshua Odessky & Kenny Cutler (@Kenny_Cutler) - JLL (@JLL) LOAN AMOUNT: $115,000,000 LOAN TYPE: Refinance NOTE: JLL Capital Markets has secured a $115 million financing package for Metro Edgewater, a recently completed 279-unit apartment tower in Miami's Edgewater neighborhood. The loan, arranged for the borrower consortium of Lujeni Corp, Camino Capital Management, and Building Block Realty, supports the Class A property with upscale amenities, located within a 10-minute drive from Downtown Miami and Brickell.

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Address452 Northeast 31st Street

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