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Ytech Secures $25 Million Construction Loan From Banesco USA For Nolan House Expansion In Miami

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FINANCED
$25,000,000

Florida

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Single Family9,172 SF
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Ytech Secures $25 Million Construction Loan From Banesco USA For Nolan House Expansion In Miami

1548 Brickell Avenue

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Single Family9,172 SF
Financed
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2725
Total Square Footage:9172 SF
Transaction Type:Loan

A construction loan of $25 million was secured by Ytech for the expansion of the historic Nolan House located at 1548 Brickell Avenue in Miami’s Brickell district. The asset has a size of 9,172 square feet and is situated on 0.4 acres. The expansion aims to increase the property into a 32,686-square-foot headquarters, while still preserving the character of one of the last “Millionaire’s Row” homes.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $25,000,000
  • Address: 1548 Brickell Avenue
  • Market: Miami
  • Lender: Banesco USA
  • Landlord: Yamal Yidios - Ytech
  • Note: The project adds office and gallery space for Ytech as part of its ongoing Brickell expansion strategy.

Yamal Yidios represents Ytech in this transaction, working alongside Banesco USA to finance the expansion project. The development is expected to complement Ytech's nearby 70-story condo project, enhancing the overall landscape of the Brickell area.

Players

Banesco USA
Banesco USA
LENDER
Yamal Yidios
Yamal Yidios
10 deals$769.6M volume
LANDLORD

Details

FINANCED
IMAGE: Yamal Yidios DATE: 03/24/2026 ADDRESS: 1548 Brickell Avenue MARKET: Miami ASSET TYPE: Single Family ~ SF: 9,172 ~ ACRES: 0.4 LENDER: Banesco USA (@BanescoUSA) LANDLORD: Yamal Yidios - Ytech (@WeareYtech) LOAN AMOUNT: $25,000,000 LOAN TYPE: Construction NOTE: Ytech secured a $25 million construction loan from Banesco USA to expand the historic 9,172-square-foot Nolan House in Miami’s Brickell district into its 32,686-square-foot headquarters.The project preserves one of the last “Millionaire’s Row” homes while adding office and gallery space for Ytech, complementing its nearby 70-story condo development and ongoing Brickell expansion strategy.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00