$46,012,000 Refinance Secured for Multifamily Property in Miami, FL
May 1, 2026 Agency Lender
Deal Summary
Lument Real Estate Capital provided a $46 million loan secured by a 230 unit multifamily community at 811 NW 43rd Avenue in Miami's Blue Lagoon area, according to public records. The five year loan matures in May 2031, with Ivan Herrera signing as manager for borrower 850 Loyalty Multifamily LLC.
The property was built in 2020 and traded in 2025 for $72.5 million. The five year term is consistent with an agency execution, though the execution type is not specified in the records.
Blue Lagoon and the airport submarket have quietly become a workforce housing stronghold, offering newer product at rents well inside the urban core, and lender appetite for the profile remains deep.
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Market Notes
The five year agency loan has become the structure of choice for owners who want prepayment flexibility ahead of a potential sale or rate move, trading a modest spread premium for a shorter lockout. Multifamily owners refinancing in 2026 should model the five and ten year executions side by side rather than defaulting to the longer term, because the option value of the shorter structure is real in a volatile rate environment.
Transaction Details
- Closing Date
- May 1, 2026
- Loan Amount
- $46,012,000
- Loan Type
- Agency Lender
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Term
- 5 years
- Asset Type
- Multifamily
- Source
- Public records
Property
- Property Name
- Blue Lagoon 230-Unit Community
- Address
- 811 NW 43rd Ave
- 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.