Development News · October 31, 2026
Faena Residences Miami Secures Reported $817M Construction Loan
Fortune International Group and KAR Properties have reportedly closed an $817 million construction loan for Faena Residences Miami on the Miami River. Here is what the October reporting and official project materials say, including where published project counts differ.
Official project rendering: Faena Residences Miami
By Condo Invest Miami Research · Editorial & market research · 5 min read
Faena Residences Miami has reportedly closed an $817 million construction loan for its planned Miami River development. The Real Deal reported the closing on October 28, and Bisnow published a separate report the following day. Both identify Tyko Capital as the lender and Fortune International Group and KAR Properties as the development partners. The financing is a reported construction milestone, not a substitute for a residence-specific offering, price list, or delivery commitment.
What has been reported
The two reports describe an $817 million construction loan arranged by Walker & Dunlop for the riverfront project at 24 Southwest Fourth Street, across from Brickell City Centre. The Real Deal describes two towers connected by a three-story link and a 45,000-square-foot Faena Rose community center. Bisnow similarly describes a 45,000-square-foot bridge program, with published uses including private events, dining, wellness, fitness, and entertainment.
| Detail | Published information as of October 31, 2026 |
|---|---|
| Construction financing | $817 million, as reported by The Real Deal and Bisnow |
| Reported lender | Tyko Capital |
| Reported arrangers | Walker & Dunlop |
| Development partners | Fortune International Group and KAR Properties |
| Reported site | 24 SW 4th Street, Miami, along the Miami River |
| Architecture | Rafael Viñoly Architects, according to the official project site |
| Interior design | Bryan O'Sullivan Studio, according to the official project site |
| Landscape architecture | Sasaki Studio, according to the official project site |
| Timing | Early 2030 is a reported target, not a guaranteed completion date |
A financing milestone, with limits
Construction financing typically gives a development team a defined capital structure for the work ahead. It does not establish the price, availability, square footage, view, association costs, deposit schedule, or contract terms for an individual residence. Those details belong in current project sales materials and the applicable condominium offering documents.
The reports also describe the loan as Florida's largest reported condominium construction loan. That is a financing comparison reported by those publications, not a measure of a project's quality or a forecast of future value.
The published residence count is not yet consistent
The current public record is not uniform on the number of residences. The Real Deal describes a 440-unit development, while Bisnow describes a 434-unit plan and notes that the layout has changed from an earlier 440-unit concept. The official project website describes the residential program but does not settle that difference in the material reviewed for this update.
For that reason, we are not presenting one total as final on the project profile. Buyers comparing the project should rely on the current offering documents and sales materials for the final residence count, tower layout, floor plans, and purchase terms.
What the official project site describes
The official Faena Residences Miami site places the project on the Miami River and credits Rafael Viñoly Architects, Bryan O'Sullivan Studio, and Sasaki Studio. It describes a riverfront residential setting with hospitality, culture, art, and wellness concepts, and names Fortune International Group and KAR Properties as development partners.
The project site's legal disclosures also state that renderings are conceptual and that features, services, amenities, construction, permits, and approvals may change. That distinction matters when reading a financing announcement: the loan can be a meaningful project milestone while the final product details remain subject to formal documents and approvals.
What to watch next
The next useful public updates would be construction progress, updated offering materials, a reconciled residence count, confirmed floor plans, published pricing and deposit terms, and any stated closing or occupancy milestones. Until then, reported early-2030 timing should be read as a target rather than a promise.
For the current source-bounded project overview and the approved gallery already on this site, visit Faena Residences Miami. For a broader neighborhood view, see Brickell luxury condos and Miami branded residences.
Sources
Reporting note: This article is an original summary of public reporting dated October 28–29, 2026 and the official project website. Reported plans, timing, residence counts, sales terms, and specifications can change. Verify current contractual details in the applicable offering documents before making a purchase decision.
Frequently Asked Questions
What financing has been reported for Faena Residences Miami?
The Real Deal and Bisnow reported in late October 2026 that Faena Residences Miami closed an $817 million construction loan, with Tyko Capital identified as the lender.
Who are the reported development partners for Faena Residences Miami?
The official project website identifies Fortune International Group and KAR Properties as development partners. Its legal disclosure identifies FRM Associates, LLC as the developer.
Where is Faena Residences Miami planned?
Published reporting places the planned development at 24 Southwest Fourth Street along the Miami River, across from Brickell City Centre.
How many residences are planned at Faena Residences Miami?
Recent reports are not consistent: The Real Deal describes 440 units, while Bisnow describes a 434-unit plan and says the layout changed from an earlier 440-unit concept. The final count should be confirmed in current offering documents.
When is Faena Residences Miami expected to be completed?
The Real Deal and Bisnow report early 2030 as the expected timing. It is a reported target, not a guaranteed completion or closing date.