$413M Construction Financing Secured For Brickell Mixed-Use Development
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The project comprises two towers: a 41-story tower with 537 multifamily residential units and a 37-story tower with 266 condominium units.
The property is currently over 90 percent sold.
Like all projects within the Soleste Living brand portfolio, Soleste Spring Gardens is a highly amenitized development with a vast collection of health and wellness offerings, social components and pet-friendly features.
JLL simultaneously arranged a $65.8 million preferred equity investment from Pensam.
JLL worked on behalf of the borrower, Sterling Organization, to secure the five-year, fixed-rate loan.
AEW Capital Management, L.P. purchased the asset. CLICK ON THE HEADLINE FOR MORE
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