Oko Group and Cain International obtained a $128 million construction loan for Una Residences, a waterfront condo in Miami’s Brickell district.
Bank OZK provided the mortgage to the developers for the 135-unit project at 175 S.E. 25th Road, a 1.04-acre site along Biscayne Bay. Una Residences broke ground in May 2020, so this loan provides the developers with the financing needed to bring the project to the finish line.
The loan was brokered by Keith Kurland, Aaron Appel, Adam Schwartz, Michael Diaz and Sea Bastian of Walker & Dunlop. Law firms Weil Gotshal & Manges and King & Spaulding represented the developers and the bank, respectively, in the deal.