$8M Private Money Mortgage on an Allapattah Retail Assemblage

On March 6, 2026, one Miami ownership group executed two mortgages with the same private lender. This one, $7,999,200 from Yieldi to Artwood Projects LLC, was recorded April 30 and crosses three retail parcels anchored at 3454 Northwest 7th Avenue. Its companion, a $7,920,000 twelve month construction mortgage to the related Kailani Properties LLC on parcels anchored at 733 Northwest 34th Street, was recorded eight days earlier and is tracked separately on LoanList.

The assemblage is documented in trade reporting: Connect CRE describes Artwood Projects as owner of the contiguous retail at 3430, 3440, and 3454 Northwest 7th Avenue, about 11,387 square feet, with the related Kailani entity holding 733 Northwest 34th Street and 3408 through 3414 Northwest 7th Avenue, about 10,126 square feet. The anchor parcel here carries a one story 1940 retail building that county records list at 3,990 square feet; a 2020 listing marketed it at 4,100 square feet as a commissary kitchen build to suit. State records show Artwood Projects LLC active, formed in Florida's 2012 filing series.

The recorded debt history is a ladder from five figures to eight. Trust mortgages of $50,000 and $60,000 in 2005, private notes of $25,000 and $45,000 in 2006, a $495,000 US Century Bank mortgage in 2008, mortgages from AmerisourceBergen Drug Corporation, a pharmaceutical distributor appearing as lender of record, in 2009 and 2010, Legacy Bank modifications in 2015 and 2017, a $2,175,000 OptimumBank mortgage in 2020, and a $6,500,000 private party modification in 2022. Fourteen instruments and twelve distinct lenders in twenty years, ending at $7,999,200.

Yieldi describes itself as an Atlanta based nationwide bridge lender with over 500 million funded, lending on retail among other property types through a marketplace model. Both of its tracked closings sit on this related entity assemblage, recorded within days of each other.

Within Miami's tracked record the loan ranks 27th of 39 by size. The nearest tracked Miami retail closings split evenly between depositories and private capital: of the six closest by size, three came from banks or credit unions, including $8,400,000 from Dort Financial Credit Union and $6,300,000 from United Community Bank, and three from private lenders, including $8,000,000 from Waterfall Bridge Capital in Miami Beach.

For owners assembling contiguous commercial parcels, the financing shape here is the lesson: a single private lender wrote paired, cross collateralized mortgages across two related entities in one closing cycle, something few depositories will structure. When an assemblage spans entities, private credit is often what closes it, and Miami's tracked record shows that market running side by side with the banks.