Finance Deals of the Week: Largest South Florida Construction Loan

The top five financings from Feb. 5 to Feb. 9.

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This week, the large loans were flowing. South Florida saw its largest construction loan ever with the $600 million financing package for the Cipriani Residences Miami at 1420 S Miami Avenue. Also, Scion Student Communities scored a $380 million credit facility to refinance 11 off-campus student housing properties.

Loan Amount Lender Borrower Address Asset Brokers
$600 million Banco Inbursa and Ascendant Capital Partners Mast Capital 1420 South Miami Avenue; Miami Residential Newmark (NMRK)’s Jordan Roeschlaub, Dustin Stolly and Nick Scribani
$380 million Walker & Dunlop Scion Student Communities 11-building portfolio Student Housing W&D's Colin Coleman, Brendan Coleman and Will Baker
$333 million Deutsche Bank Securities and BMO Capital Markets MCR Hotels 16-building portfolio Hotel Eastdil Secured
$98 million Barings Real Estate New Land Enterprises 700 East Kilbourn Avenue; Milwaukee Residential JLL (JLL)'s Tim Joyce, Trent Niederberger, Mike Brady, Ryan Sullivan and Michael Gurwin
$95 million Banco Inbursa Merrimac Ventures and Aria Development Group 600 Miami World Center; Miami Residential Newmark's Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Daniel Matz and Holden Witkoff

Finance deals of the week reflect deals closed or announced from Feb. 5 to Feb. 9. Information on financings can be sent to editorial@commercialobserver.com.

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