Ytech scores $565M construction loan for 1428 Brickell condo tower
Yamal Yidios’ Ytech secured $565 million in financing for the firm’s 70-story luxury condo tower that’s under construction in Miami’s Brickell. The construction loan marks one of the largest to close in South Florida this year. J.P. Morgan is the senior lender, and Sculptor Real Estate is the junior lender, according to a press release. JLL’s Melissa Rose and Brian Gaswirth arranged the financing on behalf of the developer. The Residences at 1428 Brickell, a 195-unit project, is more than 60 percent presold, according to the release. Buyers are from more than 17 countries in Latin America and Europe, as […]This article originally appeared on The Real Deal. Click here to read the full story.
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