{"id":339475,"date":"2026-07-14T11:22:22","date_gmt":"2026-07-14T11:22:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/339475\/"},"modified":"2026-07-14T11:22:22","modified_gmt":"2026-07-14T11:22:22","slug":"developer-secures-43-million-construction-loan-for-perrine-estates-in-miami-fl","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/339475\/","title":{"rendered":"Developer Secures $43 Million Construction Loan for &#8216;Perrine Estates&#8217; in Miami, FL"},"content":{"rendered":"<p> <img width=\"777\" height=\"628\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/07\/Screenshot-2026-07-13-at-9.12.21-AM-777x628.png\" class=\"u-photo wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/>The venture will occupy a vacant site. Image from Google Earth <\/p>\n<p class=\"entry-meta\"> By: <a rel=\"author nofollow noopener\" class=\"fn p-author h-card\" href=\"https:\/\/floridayimby.com\/author\/colt\" target=\"_blank\">Colt Dodd<\/a> 7:00 am on July 14, 2026<\/p>\n<p>A Bay Harbor Islands-based developer has secured a multi-million-dollar loan for a new residential project in Miami-Dade.<\/p>\n<p>Perrine Estates LLC, an affiliate of Monceau Realty, was awarded a $43 million construction loan for a housing development with some workforce units. The venture, known to our sources as Perrine Estates, will feature 192 apartments, 12.5 percent of which will be designated as workforce housing. This is not to be confused with the similarly named Perrine Village, which Florida YIMBY covered earlier this June.<\/p>\n<p>Miami-Dade County defines workforce housing as housing reserved for households earning within 60 to 140 percent of the area median income (AMI). County records share that a qualifying four-person household would earn between $50,820 to $111,580.<\/p>\n<p>While the developer hopes to gain various incentives from the County, it is not filing Perrine Estates under the Live Local Act. That legislation requires that at least 40 percent of a project\u2019s housing units be designated as affordable to qualify for benefits. In addition to the residences, Perrine Estates will host close to 2,000 square feet of retail.<\/p>\n<p>Perrine Estates LLC acquired the project\u2019s 1.47-acre build site for $3.5 million in 2022. The property is currently vacant. It\u2019s located at the corner of Banyan Street and Homestead Avenue, West Perrine, Florida, 33157, in Miami-Dade County.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Ffloridayimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><\/p>\n<p style=\"display: inline;\">. <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"The venture will occupy a vacant site. Image from Google Earth By: Colt Dodd 7:00 am on July&hellip;\n","protected":false},"author":2,"featured_media":339476,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-339475","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/339475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=339475"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/339475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/339476"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=339475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=339475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=339475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}