NRI scores $177M refi for Thesis Miami mixed-use project in Coral Gables

The developer of the mixed-use Thesis Miami property in Coral Gables landed $177 million in refinancing from Barry Sternlicht’s Starwood Property Trust and New York-based Ramsfield Hospitality Finance. Thesis and property owner Nolan Reynolds International secured $135 million for the multifamily and retail portion at 1340 South Dixie Highway from Starwood and $42 million for the hotel component at 1350 South Dixie Highway, according to NRI and their debt broker Faisal Ashraf of Lotus Capital Partners.  The two buildings, across from the University of Miami, comprise nearly 900,000 square feet, with retail space in each, while the residential building rises […]

This article originally appeared on The Real Deal. Click here to read the full story.