Tyko Capital Funds Record Miami Condo Project
The firm secured an $817 million loan for two luxury towers featuring private yacht docks in Miami.
Updated on Oct. 28, 2026 in Construction
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Tyko Capital has issued an $817 million construction loan for the development of two new luxury condominium towers in Miami. This financing package stands as the largest construction loan in Florida history.
Why it matters
Developers are targeting Miami because the city continues to attract wealthy individuals, bolstered by Florida's zero personal income tax policy. This massive investment follows a trend of high-end growth in the region, including the construction of Citadel's $2.5 billion head office.
This $817 million loan represents the largest construction financing ever recorded in Florida. The regional market remains hot, with Miami-Dade County recording 24 luxury real estate sales of at least $30 million in the year ending September 2026.
The players
Tyko Capital
This firm is a private credit lender providing the record-breaking construction loan for the Miami development.
Fortune International Group
This real estate firm is one of the co-developers responsible for the luxury condominium project.
KAR Properties
This developer is collaborating with Fortune International Group to build the new high-end towers.
Citadel
This global financial institution is currently building a $2.5 billion head office tower in Miami.
The details
The upcoming development, led by Fortune International Group and KAR Properties, will include premium amenities such as an infinity pool and a private yacht dock. The project is currently slated for completion in early 2030.
Timeline
2022 saw an average of 1,640 people moving to Florida per day.
2025 saw an average of 551 people moving to Florida per day.
Miami-Dade County recorded 24 real estate sales of at least $30 million in the year ending September 2026.
The condo project is expected to be completed in early 2030.
Market Landscape
This deal underscores the ongoing institutional confidence in the Miami luxury sector, which has seen 24 sales exceed the $30 million threshold in the last year alone. It positions these developers to capture demand from the influx of wealthy residents relocating to Florida's tax-advantaged environment.
While this financing enables large-scale development, it highlights the increasing concentration of high-end real estate in Miami's luxury market. Prospective buyers and local residents should anticipate a shift in the skyline as these new towers reach completion by 2030.
The takeaway
This record-breaking loan demonstrates that private credit is now the primary engine fueling the most ambitious real estate projects in South Florida. Investors and potential buyers should monitor these large-scale developments as they significantly alter the luxury supply in the Miami market.
Further reading
For more information on major development projects in the region, visit Miami Construction.
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