Witkoff, Monroe Capital score $303M loan for huge Miami Worldcenter project
Witkoff and Monroe Capital scored a $302.6 million construction loan for a massive residential complex in Miami Worldcenter. Construction is set to begin on the first phase of 700 North Miami Avenue after Witkoff, in partnership with Monroe Capital, secured financing from Athene Annuity and Life Company and J.P. Morgan Chase, Yimby reported. The transaction refinanced about $57.3 million in existing debt while providing $245.3 in construction financing, the outlet said. Witkoff, led by Alex Witkoff, and Monroe Capital, headed by Theodore Koenig, first proposed the 3.4 million-square-foot mixed-use project in 2022, The Real Deal previously reported. Phase one calls […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131