Miami Condo Developer Secures $42 Million Loan
A Brickell tower project received a pre-development loan refinancing an earlier $19.5 million loan, as sales launch for a planned 52-story building.
Updated on Nov. 13, 2026 in Commercial
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A Miami condo developer obtained a $42 million pre-development loan from Linkvest Capital's affiliate LV Lending, refinancing a $19.5 million loan issued by Israel Discount Bank in 2024. The financing supports the planned 75 Broadway high-rise in Brickell, for which sales have launched.
Why it matters
The financing points to continued investor appetite for large-scale residential development in Miami's Brickell district. For Miami residents and buyers, the project adds to the supply of luxury condominiums in one of the city's most active real estate corridors.
The $42 million loan refinances a $19.5 million pre-development loan issued in 2024, more than doubling the financing on the site. Unit prices begin at $3 million, and the project's total cost and loan terms remain undisclosed.
The players
Linkvest Capital
Linkvest Capital is an investment firm that provides real estate development financing, operating through affiliates such as LV Lending.
Israel Discount Bank
Israel Discount Bank is an Israeli financial institution with a banking presence in the United States that has extended development loans.
The details
The 75 Broadway development is planned as a 52-story tower with 106 units and 42,000 square feet of amenities on a 0.3-acre site at 41 and 75 Southwest 15th Road. The developer assembled the land between 2018 and 2020 for a combined $8.2 million, and sales launched last week.
Timeline
2018 to 2020: The developer assembles the 0.3-acre site for $8.2 million.
2024: Israel Discount Bank issues a $19.5 million pre-development loan.
Last week: Sales launch for the 75 Broadway development.
Late 2029: Completion of 75 Broadway is slated.
Market Context
The $42 million refinancing follows the developer's 2024 pre-development loan from Israel Discount Bank on the same Brickell site, extending that earlier financing at a larger amount. It also follows the company's $565 million construction loan for the 70-story 1428 Brickell tower, showing a pattern of large-scale debt backing its Brickell projects.
Prospective buyers considering units priced from $3 million should compare final pricing, amenity fees, and completion timing against the planned late 2029 delivery. Because the project's construction financing terms are not disclosed, buyers may want to confirm developer track record and project milestones before committing.
The takeaway
Large pre-development financing is an early signal of a project's viability, but completion depends on construction financing and sales progress. Buyers and investors should track the project's construction milestones as well as its initial sales.
Further reading
For related coverage, explore Commercial real estate listings and deals in Miami.
Source note: This article includes information reported by Commercial Observer.
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