Trinity Southern Secured $19.5 Million Condo Loan
The firm obtained construction financing for a boutique luxury project located in Miami Beach.
Updated on Oct. 12, 2026 in Construction
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Trinity Southern has secured a $19.5 million construction loan for the 29 Indian Creek development. The luxury project in Miami Beach is currently 25 percent complete.
Why it matters
The financing follows the transfer of the 0.3-acre site for $8 million and signals continued development activity despite past legal challenges. Strong presales for the luxury units reflect ongoing demand for high-end boutique living in the region.
The development at 2901 Indian Creek Drive has surpassed a 70 percent presales threshold for its 14 condos and two townhomes. Unit prices range from $1.5 million to over $8 million.
The players
Trinity Southern
This real estate development firm is leading the 29 Indian Creek construction project.
S3 Capital
This financial institution provided the $19.5 million construction loan for the development.
Jason Halpern
He is a developer who transferred ownership of the 2901 Indian Creek Drive site for $8 million.
AJ Bruno
He is a representative from CBRE who helped arrange the construction financing.
Drew Anderman
He is a representative from CBRE who assisted in securing the loan for the condo project.
The details
CBRE's AJ Bruno and Drew Anderman arranged the financing from S3 Capital for the project, which sits on a 15,000-square-foot lot. The site previously saw a lawsuit dismissed by a New York judge in 2022.
Timeline
2017: The 0.3-acre site sold for $7.8 million.
2022: A New York judge dismissed the project lawsuit.
March 2025: Sales for the development launched.
September 2025: Trinity bought into the project.
2027: The development is expected to be completed.
Market Landscape
This project aligns with the ongoing shift toward exclusive, boutique-style residential developments in Miami Beach. It positions the developers to compete directly within a niche market that favors limited-unit counts over large-scale high-rise inventory.
Prospective buyers and local observers should note that the project has already surpassed 70 percent presales, indicating limited remaining availability. Those interested in the luxury market may see price points starting at $1.5 million for these units.
The takeaway
The successful funding of this boutique project underscores the resilience of the luxury residential sector in prime locations. Investors should monitor how rapidly the remaining units sell as the 2027 completion date approaches.
What happens next
The development is scheduled for completion in 2027.
Further reading
For more information on ongoing infrastructure and residential projects, visit the Miami Beach Construction section.
Source note: This article includes information reported by The Real Deal New York.
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