$12,500,000 Refinance Secured for Mixed-Use Property in Miami, FL
May 26, 2026 Private Money
Deal Summary
Consolidated Capital provided $12.5 million secured by three parcels at 1583 NW 24th Avenue in Allapattah along the Miami River, comprising approximately 115,000 square feet of commercial and multifamily improvements plus land, according to public records. Belinda Meruelo signed as member for borrower Brisas Del Rio Inc.
The riverfront Allapattah corridor has drawn steady repositioning capital as development pressure moves west from Wynwood and the Health District, with the Miami River's working waterfront gradually giving way to mixed use projects.
Long held family positions along the river, like this one, represent some of the largest untapped land value in urban Miami, and financings against them are often the first public signal of a coming repositioning.
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Market Notes
Legacy owners along Miami's emerging corridors are sitting on decades of appreciation that conventional refinancing barely scratches, because in place income lags land value by design. Structured and private financings that underwrite the land story can unlock that value without a sale, funding everything from family partnership buyouts to predevelopment, and the owners who explore it early keep the most options.
Transaction Details
- Closing Date
- May 26, 2026
- Loan Amount
- $12,500,000
- Loan Type
- Private Money
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Mixed-Use
- Source
- Public records
Property
- Property Name
- Miami River District Allapattah Holdings
- Address
- 1583 NW 24th Ave (3 parcels)
- 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.