Ytech Lands $42M Loan for Second Brickell Condo Tower

Development firm Ytech has obtained a $42 million pre-development loan from Linkvest Capital for a condo tower in Miami’s Brickell district.

Last week, Ytech launched sales for the planned 52-story development called 75 Broadway. The financing from Linkvest Capital’s affiliate LV Lending refinances a $19.5 million pre-development loan from Israel Discount Bank issued in 2024. 

The high-rise will feature 106 units and 42,000 square feet of amenities. It’s planned for 41 and 75 Southwest 15th Road, near the southern tip of the business district, two blocks west of Brickell Avenue, and across the street from Simpson Rockland Hammock Preserve Park.

Prices start at $3 million, with completion slated for late 2029. The developer assembled the 0.3-acre site between 2018 and 2020, paying a combined $8.2 million, according to property records.

“The site’s zoning allowed nearly 300 residences. We deliberately chose to build just 106, so we could create residences with generous proportions, exceptional views, superior privacy, and truly personalized service,” Yamal Yidios, founder and CEO of Ytech, said in a statement. 

75 Broadway’s financing comes a year after Ytech secured a $565 million construction loan for the nearby 70-story 1428 Brickell luxury condominium tower. In 2024, Linkvest Capital had provided a $78 million pre-development loan for that project. 

Along the historic portion of Brickell Avenue, Ytech owns two mansions, one leased to Major Food Group’s Chateau ZZ restaurant and another, which the firm is expanding after landing $25 million in financing this year. 

A representative for Ytech did not immediately respond to a request for comment.

Julia Echikson can be reached at jechikson@commercialobserver.com.