Dealmaker: JLL Secures $115M for Miami Multifamily

(Illustration courtesy of JLL)

JLL Capital Markets, Chicago, arranged $115 million in financing for Metro Edgewater, a recently completed 279-unit Class A apartment tower in Miami’s Edgewater neighborhood.

JLL represented the borrower, a consortium comprised of Lujeni Corp, Camino Capital Management and Building Block Realty.

The 32-story Metro Edgewater will include one-, two- and three-bedroom units averaging 955 square feet with balconies, walk-in closets and nine-foot ceilings.

The property is less than a 10-minute drive to Downtown Miami and Brickell, Miami’s Central Business District with more than 30 million square feet of office space. Notable nearby employers include Spotify, Microsoft and JP Morgan. 

The JLL Capital Markets Debt Advisory team was led by Managing Director Jesse Wright, Senior Managing Director Elliott Throne, Director Kenny Cutler, Associate Joshua Odessky, and Senior Analyst JJ Hovenden.

The MF1 Capital financing was led by Michael Squires, Phil Pesant and Connor Pensabene.