$12,000,000 Refinance Secured for Retail Property in Miami, FL
May 13, 2026 Bank
Deal Summary
Amerant Bank provided a $12 million loan secured by a commercial condominium unit at 2066 N. Bayshore Drive in Miami's Edgewater district, according to public records. Reid J. Boren signed as manager for borrower TRD Unit A 101 LLC.
Debt of this size against a roughly 3,400 square foot unit reflects the premium bayfront commercial condo market that has developed along Edgewater's residential towers, where ground floor commercial space serves one of the densest new residential populations in Florida.
Commercial condo units in Miami's tower districts have matured into an institutional quality asset class of their own, with local banks leading the financing market.
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Market Notes
Commercial condo financing lives in a specialist corner of the bank market, complicated by association dynamics, shared structures, and appraisal scarcity. Owners of retail condos in Miami's tower corridors get their best executions from the Florida banks that finance the product weekly, and should expect out of market lenders to either decline or price the unfamiliarity.
Transaction Details
- Closing Date
- May 13, 2026
- Loan Amount
- $12,000,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- Public records
Property
- Property Name
- Edgewater Commercial Condo (2066 N Bayshore Dr)
- Address
- 2066 N Bayshore Dr, Unit A-101
- City, State
- Miami, FL
- Market
- Miami / South Florida
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.