Madison Realty Capital Originates $262M Loan for Miami Luxury Condos
Madison Realty Capital originated a $262 million construction loan to developers PMG and E11EVEN Partners for E11EVEN Residences Beyond. The dual-tower luxury development is located in Miami’s District 11, neighboring the E11EVEN Hotel & Residences Miami development. The transaction was brokered by Jones Lang LaSalle.
E11EVEN Residences Beyond and E11EVEN Hotel & Residences Miami offer a resort-style, entertainment-driven experience and destination. Floor plans at both of its towers range from studios to two bedrooms in addition to a presidential collection and penthouse suites. Each unit comes equipped with fully-integrated “smart building” features, Subzero and Wolf appliances, custom ITALKRAFT Italian cabinetry, top-level finishes, and designer-curated furnishings.
The soaring 65-story towers will be designed by internationally renowned Sieger Suarez Architects with interiors by award-winning design firm AvroKO. E11EVEN Partners Marc Roberts, Michael Simkins, and Dennis DeGori and PMG partners Kevin Maloney, Ryan Shear and Dan Kaplan are the developers behind the E11EVEN Hotel & Residences development.
