$114 Million HUD Financing Secured For Luxury Apartment Tower In Miami
JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Jesse Wright and Director Joshua Odessky.
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JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Jesse Wright and Director Joshua Odessky.
The 110-unit development will be located at 1136 SW 3rd Avenue.
Sebastian Misiewicz led the representation of both sides in the transaction.
The portfolio consists of six buildings constructed between 1981 and 1982 on 7.66 acres.
At full build-out, Midtown Park will feature six towers, including four residential buildings and two office structures.
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The complex sale was exclusively handled by Tony Ulloa and Marcos Macias.
The 40,000 square foot property is situated on 3.5 acres.
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
The two fully leased Class A buildings total 312,834 square feet.
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