Affinius Capital has originated a $250 million construction loan to finance the ground-up development of Brickell Starlite, a 39-story, class A multifamily property featuring 517 units and 8,000 square feet of retail located in the Brickell submarket of Miami, Fla. The loan was made to Focus, a Chicago based developer led by Tim Anderson, and Group Fox, aninvestment asset, and property management company founded by Bill O’Kane.
Eric Cohen, Affinius Capital co-head of debt originations, commented, “Brickell has not seen the same pace of delivery of highly amenitized, class-A apartment inventory as other parts of Florida and the southeast. With major employers continuing to relocate to Brickell, the property's transit-oriented location, immediate access to Brickell City Center, and institutional-grade amenity package position it to capture significant market share upon delivery.”
Brickell Starlite is a to-be-built 39-story class A residential tower comprising 517 u
