Metro Edgewater in Miami

JLL Capital Markets Negotiates $115 Million in Financing for Metro Edgewater in Miami

by Channing Hamilton

MIAMI — JLL Capital Markets has arranged $115 million in financing for Metro Edgewater, a 279-unit high-rise development in the Edgewater neighborhood of Miami. The building rises 32 stories and offers one-, two- and three-bedroom units averaging 955 square feet in size. Units feature walk-in closets, stainless steel appliances, hardwood and plank vinyl flooring, quartz countertops, and balconies. Amenities include a pool with cabanas and dry beds, fitness center, clubroom, a sky lounge, dining room and coffee bar.

The borrower was a consortium consisting of Lujeni Corp., Camino Capital Management and Building Block Realty. Jesse Wright, Elliott Throne, Kenny Cutler, Joshua Odessky and JJ Hovenden led the JLL Capital Markets Debt Advisory team. The MF1 Capital financing was led by Michael Squires, Phil Pesant and Connor Pensabene.

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