Ytech secured $565 million in construction financing for The Residences at 1428 Brickell. Over 60% of units at the 70-story residential condo building have already sold.<\/p>\n
Melissa Rose and Brian Gaswirth of JLL Capital Markets represented the borrower, while J.P. Morgan provided financing and Sculptor Real Estate served as junior lender for the development.<\/p>\n
Prices for the fully-furnished condos at 1428 Brickell<\/a> begin at $2 million and top out around $7 million. A $60 million penthouse occupies the tower\u2019s top floor.<\/p>\n \u201cThe financing we\u2019ve secured for The Residences at 1428 Brickell underscores the capital market\u2019s confidence in our vision and execution \u2014 in design, sales and construction progress,\u201d said Yamal Yidios, CEO of Ytech<\/a>. \u201cWe\u2019re grateful to all who have supported this journey. J.P. Morgan and Sculptor\u2019s involvement further strengthens our position as we continue construction of a tower defined by unmatched quality, timeless design and meaningful innovation, setting a new benchmark for Brickell and Miami\u2019s luxury market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Ytech secured $565 million in construction financing for The Residences at 1428 Brickell. Over 60% of units at…\n","protected":false},"author":2,"featured_media":51662,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":{"0":"post-51661","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hialeah","8":"tag-hialeah","9":"tag-hialeah-headlines","10":"tag-hialeah-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/51661","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=51661"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/51661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/51662"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=51661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=51661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=51661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}