JLL Capital Markets announced that it has arranged the $115 million financing for Metro Edgewater, a 279-unit, 32-story, recently completed, Class A apartment tower located in the Edgewater neighborhood of Miami, Florida.
JLL worked on behalf of the borrower, a consortium comprised of Lujeni Corp, Camino Capital Management, and Building Block Realty.
Metro Edgewater will feature spacious one-, two- and three-bedroom units averaging 955 square feet with balconies, walk-in closets, European-style unit finishes, nine-foot ceilings, stainless steel appliances, quartz countertops and hardwood and plank vinyl flooring. Community amenities will include a hotel-style pool with cabanas and day beds, state-of-the-art fitness center, live-work club room, a sky lounge, a private dining room and a coffee bar.
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.
“This refinancing is the culmination of years of hard work on the part of the borrower. Metro Edgewater is a first-class product in one of Miami’s most attractive neighborhoods, adding to the Miami skyline. MF1 delivered a very smooth execution in the midst of a highly dynamic market,” added Wright.
The MF1 Capital financing was led by Michael Squires, Phil Pesant and Connor Pensabene.
