Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Florida & Gulf Coast  + South Florida  + Apartments  | 
Cipriani Tower investors secure $600M construction loan.

Mast Capital Secures Record $600M Loan for Brickell Condos

Mast Capital has secured a construction loan of $600 million for its Cipriani Residences Miami, an 80-story luxury condominium tower. It’s recognized as a new record for the largest single-tower residential construction loan ever obtained in Florida. The loan comes from Mexico-based Banco Inbursa and Ascendant Capital Partners, contributing $350 million and $250 million, respectively. The high-profile condominium development offers 397 residences.

Mast Capital purchased the 2.8-acre site located at 1420 S Miami Ave. for $103 million in December 2021, which at the time represented the acquisition of one of the last remaining raw parcels of land in Brickell available to build a large-scale, high-rise development. The condominium tower is a Bernardo Fort-Brescia design by architecture firm Arquitectonica.

Starting at $1.7 million, the market-leading Cipriani Residences Miami offers one- to four-bedroom residences ranging from 1,123 to 3,495 square feet. Work on the project has commenced. Completion is slated for 2028.

Newmark arranged the transaction with a team led by Jordan Roeschlaub and Dustin Stolly.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.


Inside The Story

Mast Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
New call-to-action
New call-to-action