Miami, Florida, October 2, 2025
News Summary
One Brickell Riverfront, a two-tower condominium project on the Miami River, has secured roughly $513 million in construction financing led by a Washington, D.C.–based private equity firm. The package combines about $370 million in senior loans and a $143 million mezzanine loan, enabling continued vertical construction and interior work. The development on a 1.6-acre L-shaped site will deliver a 46-story branded tower with 422 units and a 44-story Lofty Brickell tower with 362 units, plus ground-floor retail. Sales are underway and both towers are slated for completion in August.
Carlyle Leads $513M Financing Package for One Brickell Riverfront; Two Towers More Than Half Done, Delivery Set for August 2027
A major financing package totaling approximately $513 million has been arranged for the One Brickell Riverfront condominium project in Miami, with a Washington, D.C.–based private equity firm taking the lead on the senior portion of the loan. The combined capital stack pairs roughly $370 million in senior debt with a $143 million mezzanine loan, enabling construction to move toward a planned completion in August 2027.
Key financing breakdown
The senior financing totals about $370 million, made up of roughly $310 million provided by the lead private equity affiliate and about $60 million in senior capital supplied by affiliates of a real estate credit firm. A specialized mezzanine lender supplied the remaining $143 million, completing the roughly $513 million construction package. Industry sources described the loan as one of South Florida’s largest construction financings this year.
Project status and scope
The development sits at 99 Southwest Seventh Street, facing the Miami River and located just west of a major mixed‑use hub in the Brickell neighborhood. The site, an L‑shaped 1.6‑acre parcel acquired in 2022 for $50.5 million, is being developed as a two‑tower complex that shares a podium. Construction was reported to be more than halfway complete at the time of the financing.
The taller tower rises 46 stories and will include 422 condominiums under a hotel brand affiliation. The second tower, marketed as the Lofty Brickell building, will be 44 stories with 362 units. Both towers are scheduled for delivery in August 2027. Ground‑floor retail is anchored by a high‑end Greek restaurant that will occupy space along the riverfront.
Developer moves and market context
The Miami‑based developer that bought the parcel in 2022 originally arranged separate construction financing for the Lofty tower in 2022 and later sold a portion of the site to a partner firm. As construction costs and interest rates rose, the original developer brought on a development partner to help manage the project’s capital and execution. Sales for the branded tower launched in November 2024. Units in the Lofty building are being marketed as furnished with no rental restrictions.
Company representatives on the financing did not provide immediate public comment, and the lead firm’s spokesperson declined to comment on the transaction when contacted. An earlier press release from the developers had announced construction activity but did not disclose the identity of the main lender.
How this deal fits broader activity
The financing comes amid a wave of large capital moves involving the same lead private equity firm. That firm recently closed a U.S. opportunistic real estate fund with substantial investor commitments and has pursued partnerships and commitments tied to building finance solutions in areas such as energy‑efficient property upgrades. Separately, the firm announced a distribution alliance with an investment distributor aimed at expanding access to private market products in Latin America and the U.S. offshore wealth market; the alliance excludes two specific Latin American markets and emphasizes distribution across major wealth centers including Miami.
Related local financing news
In another notable Miami transaction, a separate developer secured a combined financing package totaling $220 million for a ground‑up rental tower in Brickell. That structure paired approximately $180 million of C‑PACE financing with a $40 million mortgage construction loan. The C‑PACE portion was arranged to enable energy‑efficient and resiliency features and was characterized by the developer as the largest such ground‑up C‑PACE construction loan in South Florida to date. That project is a 35‑story rental building with 579 units and is slated for completion in 2028.
Why the financing matters
The structure used at One Brickell Riverfront — blending significant senior debt with mezzanine capital — illustrates how developers are bridging funding gaps as construction costs and interest rates rise. The mix allows projects already under way to maintain momentum while balancing lender risk and sponsor equity. Local market observers see large construction financings like this as key tests of developer resilience and lender appetite in South Florida’s competitive condo market.
Reporting reference
Project and financing details were compiled from market reporting and industry disclosures. Reporting referenced: Julia Echikson (contact: [email protected]). Additional contextual material on related fund and alliance activity was referenced from public announcements dated through 2025.
Frequently Asked Questions
What is the total financing for One Brickell Riverfront?
The combined construction package is approximately $513 million, consisting of about $370 million in senior debt and a $143 million mezzanine loan.
Who provided the senior and mezzanine financing?
The senior tranche was led by a Washington, D.C.–based private equity firm contributing roughly $310 million, with about $60 million in senior capital from affiliates of a real estate credit firm. The mezzanine portion was supplied by a specialized mezzanine lender providing $143 million.
Where is the project located and what is the timeline?
The development is at 99 Southwest Seventh Street in Brickell, Miami, overlooking the Miami River. Construction was reported to be more than halfway complete, with both towers expected to deliver in August 2027.
How many units are being built?
There are two towers: a 46‑story tower with 422 condos and a 44‑story tower with 362 units, for a combined total of 784 residential units.
What other financing and industry moves are related?
The lead private equity firm has recently closed a large U.S. real estate fund and announced a distribution alliance focused on Latin America and the U.S. offshore market. Separately, a local rental development secured a notable C‑PACE and mortgage package, signaling growing use of alternative financing tools for energy and resiliency upgrades.
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Key Project Features
| Feature | Detail |
|---|---|
| Project name | One Brickell Riverfront |
| Address | 99 Southwest Seventh Street, Miami |
| Total financing | Approximately $513 million |
| Senior debt | Approximately $370 million (roughly $310M lead + $60M affiliates) |
| Mezzanine | $143 million |
| Towers | Two towers sharing a podium; 46 stories and 44 stories |
| Unit mix | 422 condos in tallest tower; 362 units in second tower (784 total) |
| Estimated completion | August 2027 |
| Construction status | Reportedly more than halfway complete |
| Ground floor tenant | High‑end Greek restaurant to occupy riverfront retail space |
| Parcel purchase | 1.6‑acre L‑shaped site acquired in 2022 for $50.5 million |
| Sales launch | Sales for the branded tower began in November 2024 |
Deeper Dive: News & Info About This Topic
Additional Resources
- Commercial Observer: One Brickell Riverfront financing
- Wikipedia: Brickell, Miami
- Multi-Housing News: Record C-PACE financing for Miami condos
- Google Search: C-PACE Miami condos
- CommercialSearch: Carlyle raises $9B opportunistic real estate fund
- Google Scholar: Opportunistic real estate fund Carlyle 2025
- Funds Society: Carlyle and Becon IM strategic distribution alliance
- Encyclopedia Britannica: private equity distribution
- Cointelegraph via TradingView: US real estate asset manager launches $100M tokenized fund
- Google News: tokenized real estate fund institutional backing
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