A $7.6 million refinance credit facility has been arranged for Bella Residences, a 23,000-square-foot boutique residential property located at 225 179th Drive in Sunny Isles Beach, Florida. WD Capital Group advised the borrower, Circle Capital Partners, on the transaction and placed the senior loan financing with W Financial.
A $60 million construction loan has been secured for Seventeen Gables, a 117-unit condominium development at 1715 Douglas Road in Coral Gables. The project is being developed by BAM Development and Ascendra Capital, with financing provided by Dwight Mortgage Trust. The loan was originated by David Scheer and Alex Izso of Dwight Capital and arranged by Isaac Filler, Steve Edelstein, and Yossi Koschitzki of Filler Capital on behalf of the borrower. Immediate construction is expected to begin concurrent with the launch of sales.
MG Developer has closed a $23 million refinancing loan for the five-story, 176-key Regency Miami Airport by Sonesta, located at 1000 NW 42nd Avenue in Miami. The loan was secured through Interaudi Bank, a New York-based financial institution active in commercial real estate lending nationwide.
Florida YIMBY has an update regarding a boutique housing project we covered back in September 2024. At the time of publication, our report shared that Backstreet Capital had secured approval for The Cade from the St. Petersburg Development Review Commission.
A shoreline development review application has been filed with Miami-Dade County for a waterfront residential development at 8000 East Drive in North Bay Village. Submitted on February 6, 2026, the filing covers the bayfront parcels at 8000 East Drive and the adjacent 7946 East Drive site on Harbor Island, and outlines plans for a two-tower condominium development rising 498 feet, with each structure reaching 43 stories and yielding a combined 364 condominium residences ranging from one- to four-bedroom layouts, supported by an attached parking structure with approximately 800 parking spaces.
