JP Morgan and BDT & MSD Partners Provides $273 Million Construction Loan For Miami Multifamily Project

The property asset involved in the transaction is a multifamily development located at 661 Diplomat Parkway in the Miami market. The total area of the property spans 150 acres, supported by a construction loan amounting to $273,000,000 provided by JP Morgan, BDT, and MSD Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $273,000,000
• Address: 661 Diplomat Parkway
• Market: Miami
• Lender: JP Morgan, BDT & MSD Partners
• Landlord: Alex Witkoff - Witkoff Group & Ari Pearl - PPG Development
• Loan Type: Construction

Key individuals involved in this transaction include Ari Pearl and Alex Witkoff, who represent the landlords, Witkoff Group and PPG Development, respectively. Their roles are critical in facilitating the construction financing necessary for the project's development.