Siguler Guff & Company, LP (“Siguler Guff” or the “Firm”), a multi-strategy private markets investment firm, today announced that it has directly originated a $25.25 million mezzanine construction loan to finance the development of Twenty Sixth & 2nd Residences, a planned 233-unit luxury condominium project in the Wynwood neighborhood of Miami.
The development will include approximately 27,000 square feet of ground-floor retail space, as well as a dedicated co-working floor featuring 173 office suites, which will be deeded to residential unit owners. Twenty Sixth & 2nd Residences is centrally located in Wynwood, and the project is designed to blend residential, commercial, and flexible workspace offerings in one of Miami’s growing urban districts.
The borrower for the project is Property Markets Group (“PMG”), a national investment, development, and asset management firm with experience in luxury developments across the Miami market.
Siguler Guff’s mezzanine loan will sit alongside a $100.75 million senior construction loan originated by Madison Realty Capital.
Jose Mayoral, Vice President, Real Estate Investments at Siguler Guff, said, “We are pleased to partner with Madison Realty Capital on this financing and support Property Markets Group in the development of Twenty Sixth & 2nd Residences. Wynwood is an exceptional neighborhood with a dynamic mix of cultural, dining, and nightlife offerings, and we are proud to play a role in delivering a project that will further enhance its appeal for future residents.”
“Wynwood has undergone a remarkable transformation and Twenty Sixth & 2nd Residences is well-positioned to advance that momentum with a thoughtfully conceived, fully amenitized residential product in a neighborhood that has established itself as one of Miami’s most sought-after destinations for both residents and visitors,” said Josh Zegen, Co-Founder and Managing Principal of Madison Realty Capital. “We are proud to support PMG and LNDMRK, both of which are repeat borrowers with a strong track record of execution across Miami’s most dynamic submarkets, and we look forward to seeing the project contribute to Wynwood’s continued evolution.”
Residents will have access to a comprehensive suite of amenities, including a rooftop pool with cabanas, an outdoor bar and lounge, a fully equipped fitness studio, and a wellness circuit featuring steam, sauna, and cold plunge facilities. Additional features include a meditation house and curated art installations throughout the property. Each residence will be delivered fully furnished and equipped with smart building technology.
For further information, please visit www.sigulerguff.com.