**Kushner, PTM Secure $87.3M Refinance for Biscayne Bay Multifamily Tower**
Corebridge Financial has provided $87.3 million in refinancing for 2000 Biscayne, a newly constructed, Class A multifamily property located in Miami, Florida. Developed by a joint venture between Kushner Companies and PTM Partners, the 36-story residential tower includes a total of 420 rental units across 353,329 square feet of rentable space.
The diverse unit mix comprises 75 studios, 204 one-bedroom units, 129 two-bedrooms, and 12 three-bedrooms. Designed with upscale urban living in mind, the building offers a robust suite of indoor and outdoor amenities. These include co-working spaces, community dining areas, a state-of-the-art fitness center with locker rooms, a spa, game room, children’s play area, a pet spa, and an on-site dog park.
Walker & Dunlop’s New York Capital Markets team served as the exclusive advisor for the refinancing transaction. The team was led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Jordan Casella, Christopher de Raet, and Stanley Cayre.
In 2024, Walker & Dunlop’s Capital Markets group sourced more than $16 billion in funding from non-agency capital providers, further underscoring its role as a key player in the commercial real estate finance space.
This transaction highlights continued investment momentum in Miami’s multifamily sector and the growing confidence in high-quality residential developments in the area.
