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Development Team Inks $125M Construction Loan for Miami Rental Community
Miami Design District Associates, Hunter Pasteur and The Forbes Company closed on a $125 million construction loan to build a 107-unit apartment project in Miami’s Design District.
Called Cassi, the 20-story project includes 161,444 rentable square feet of residential space across a mix of units, averaging 1,509 square feet. Unit types range from one to three bedrooms with dens. The project also features 23,000 rentable square feet of retail space.
Walker & Dunlop Capital Markets, led by Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, and Michael Stepniewski, advised the joint venture team. Amerant Bank led the financing package, which also included Bank Hapoalim (HPI).
In 2024, Walker & Dunlop’s Capital Markets team sourced over $16 billion from non-Agency capital providers.
- ◦Development
- ◦Financing
