MIAMI (March 1, 2024)– Linkvest Capital, through its lending affiliate, LV Lending, a local private lender specializing in bridge loans for commercial and residential investment properties and developments, today announced the closing of $78 million refinancing for Ytech’s luxury 70-story solar-powered high-rise condominium, The Residences at 1428 Brickell, located at 1428 Brickell Ave. in Miami’s Brickell Financial District. The refinancing was arranged by Camilo Niño, Ricardo Uribe and Alen Hernandez of Linkvest Capital on behalf of the borrower, Ytech 1428 Super Holding Company, LLC, an affiliated entity Miami-based real estate development firm Ytech. Closing took place on Feb. 29th.
“We are thrilled to once again serve as a financial partner for Ytech in this pivotal transaction,” stated Camilo Niño, CEO of Linkvest Capital. “Having collaborated on five other transactions since 2016, including an $11 million acquisition loan for the 1428 Brickell development site, we’ve cultivated a successful long-term partnership with their team. These collaborations have grounded our confidence in Ytech’s consummate professionalism and industry expertise. We have enjoyed being a part of their journey are pleased to provide our support for this project.”
Ytech, led by Yamal Yidios, commenced demolition on the now-vacant property in January 2024. Linkvest Capital’s loan will go towards the debt of construction. Designed by Arquitectonica with interiors by Italian architecture firm ACPV Architects, the building will be the first high-rise residential tower in the world using solar energy by integrating photovoltaic glazing in the glass facade building. Comprising 189 fully finished residences, 1428 Brickell offers two- to four-bedroom plus den units ranging from 1,800 to 4,000 square feet, and a penthouse collection of units ranging from 4,000 to 10,000 square feet. The building boasts over 80,000 square feet of amenities including an expansive 10,000 square-foot gym, rooftop pool and atrium with hot spa and daybeds, immersive spa, aquatic therapy area, two-story wine and fine art lounge, state-of-the-art office suites, private dining room, juice and wellness bar, children’s recreation and learning center, fully furnished private guest suites, and more. Condominiums are priced from $2 million to $7 million with penthouses asking from $8 million to more than $40 million. To date, 40 percent of the 189 condominiums are under contract.
For further information, please contact Linkvest Capital or LV Lending at (305) 523-6576, email [email protected], or visit www.linkvestcapital.com.
About Linkvest Capital:
Linkvest Capital is a co-investment platform offering direct access to unique, low-risk investment opportunities across three distinct alternatives: short-term commercial real estate loans, equity in mixed-use developments, and acquisitions and management of commercial, industrial, and triple net assets in Florida and the Southeastern US. Linkvest was created by investors, to source and structure the best deals for investors. Over 15 years, Linkvest has invested and managed approximately $1.3 billion in alternative real estate investments with compelling risk-adjusted returns, attracting exceptional co-investors seeking capital preservation, cash flow, and value investing strategies.
