In 2020, ACRE provided $86,250,000 ($222,868 per unit) of bridge financing on this best-in-class, Class-A multifamily property in Midtown Miami, Florida. The loan was fully funded at close and used to refinance the existing construction loan. The Property is surrounded by three of Miami’s strongest submarkets: Edgewater, Wynnwood Arts District and the Design District and was completed in May 2019, exhibiting strong lease-up velocity. Among numerous features and amenities, the Property features views of nearby Biscayne Bay and Downtown Miami and an unparalleled rooftop oasis with a resort-style pool surrounded by lush, tropical landscaping.
- Miami, FL
- 387 units