MIA
Faena Residences Miami lands $817M construction loan
Fortune International Group and KAR Properties closed $817M of construction financing from Tyko Capital for the two-tower, 440-unit project at 24 SW Fourth St on the Miami River. The sponsors call it the largest construction loan in Florida, passing the $772M CityPlace loan already on this ledger. Completion is targeted for early 2030.
Miami River / Brickell · Source: The Real Deal