Dustin Stolly (left), Jordan Roeshenlaub (top) and Daniel Matz.
Dustin Stolly, Jordan Roeschlaub and Daniel Matz
Co-presidents of debt and structured finance; senior managing director at Newmark
Newmark’s star brokers might be based in New York but they’ve been on the front lines of some of the biggest South Florida debt and equity transactions during the past year.
The brokerage giant’s debt and structured finance team, led by Jordan Roeschlaub and Dustin Stolly, facilitated these major loans despite facing a rising interest rate environment. Daniel Matz, who is based in Miami, has also played a big part in Newmark’s expanded role in transactions in the region.
Roeschlaub and Stolly’s team arranged a $600 million construction financing in early February for Mast Capital’s planned 80-story residential tower called Cipriani Residences Miami. The debt package, which is believed to be the largest ever for a construction loan in South Florida history, includes $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners.
Newmark also procured $240 million of construction financing for Related Group and Alta Developers from Cain International last May to build Casa Bella by B&B Italia, a 56-story condo tower in Downtown Miami’s Arts and Cultural District.
The trio of Roeschlaub, Stolly and Matz also arranged a $91 million loan from Valley National Bank and Israel Discount Bank in May 2023 on behalf of Kushner Companies and Block Capital Group for the joint venture’s refinancing of the Wynwood 27 & 28 mixed-use property in Miami.
Meanwhile, the Newmark executives were active beyond debt deals in 2023. For instance, in January 2023, Stolly and Roeschlaub’s team secured $150 million of equity for L&L Holding Company and Oak Row Equities’ development of the Wynwood Plaza, a 1 million-square-foot, mixed-use campus.
