Miami Developer Obtains $111M Construction Loan

Newmark arranged a $111 million construction loan for The Perrin, a 26-story, 310-unit multifamily development at 901 SW 3rd Avenue in Miami, Florida. Newmark’s Danny Matz secured the financing on behalf of the sponsor, The Empira Group (“Empira”). Goldman Sachs provided the loan.

Slated for completion in 2028, The Perrin is Empira’s first high-rise development in the U.S. The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom residences. Planned amenities include a fitness center with a yoga room, co-working and entertainment lounges, a pool with cabanas and BBQ grills and a rooftop zen garden and tea room. 

Located in the heart of Miami’s Brickell neighborhood, The Perrin offers immediate access to I-95 and is a six-minute walk from the Brickell Metrorail Station. Residents will be within walking distance of Brickell City Centre and Mary Brickell Village, with convenient access to key destinations including Wynwood, Coconut Grove, Coral Gables and Miami Beach.