Invictus Real Estate Partners and Integritas Capital have closed on a $155 million construction completion and condominium inventory loan for Flow House, a 40-story residential tower located at 697 North Miami Avenue within Miami Worldcenter. The financing supports the project’s transition from a rental development to a condominium offering, which has become one of the fastest-selling new residential properties in the Miami market.

Local developers have proposed a multi-family housing development for Miami’s Goulds neighborhood.

South Florida-based Cymbal DLT Companies has secured a $27 million refinancing loan for 3452-3470 North Miami Avenue, a 25,000-square-foot existing mixed-use retail and office building located in Midtown Miami. Linkvest Capital provided the refinancing through its lending affiliate LV Lending, a Miami-based private lender specializing in bridge financing for commercial and residential investments. Cymbal DLT utilized this financing to repay an existing $19 million loan previously issued by New Wave in 2022.

Chicago-based 2455 Polk LLC has proposed a low-rise housing development in Broward County. Current plans call for a four-story development with 30 units, including one-bedroom and two-bedroom floorplans. The average residence will measure 735 square feet.

Construction recently reached a significant milestone at One Park Sarasota, an 18-story luxury condominium nestled within The Quay and the coveted Downtown Sarasota Waterfront District, with the successful completion of its official foundation pour. Led by the general contractor, Juneau Construction Company, the foundation work commenced on April 8 at 5:45 a.m. and was completed by noon. The pour activity involved 98 concrete trucks delivering and pouring approximately 970 cubic yards of concrete.