Saturday, 28 February 2026 10:21 AM
Financing
Midpoint Capital Partners ("Midpoint") today announced it has arranged approximately $96 million in financing to fund the construction of a 19-story, 287-unit apartment tower located in Miami, Florida.
MIAMI BEACH, FL / ACCESS Newswire / February 28, 2026 / The transaction comes at a time when South Florida's multifamily market continues to demonstrate resilient fundamentals. Over the past several years, the Miami metro area has ranked among the nation's leaders in population growth and net migration, while apartment vacancy rates have remained near historical averages despite elevated absorption levels. Industry data indicates that new construction starts across the region have slowed materially compared to prior peak years, contributing to a tightening forward supply pipeline.
Against that backdrop, Midpoint structured a comprehensive capital solution to advance delivery of new rental housing in a supply-constrained urban corridor.
"South Florida continues to experience durable rental demand driven by migration, job growth, and household formation, but the development pipeline has contracted significantly," said Michael Columbia, CEO at Midpoint Capital Partners, LLC. "There's demand, but there's no supply coming at prior levels. We believe well-located, thoughtfully designed multifamily projects like this will be critical in meeting the region's long-term housing needs."
The planned 287-unit high-rise will introduce new residential inventory in Miami's urban core, offering modern design, structured parking, and lifestyle-oriented amenities tailored to professionals and workforce renters seeking proximity to employment centers and transit connectivity.
New apartment deliveries in the Miami metropolitan area peaked during the recent development cycle; however, higher capital costs, insurance increases, and construction pricing pressures have caused many proposed projects to be delayed or shelved. As a result, forward-looking supply is projected to moderate meaningfully over the next several years even as demand fundamentals remain positive.
Midpoint's financing provides certainty of execution in a capital markets environment where construction lending has become more selective. The firm worked closely with the sponsor to structure a tailored capital stack aligned with the project's development timeline and stabilization objectives.
This closing underscores Midpoint's continued expansion across the Southeast and its commitment to financing institutional-quality multifamily projects in high-growth, high-barrier-to-entry markets.
About Midpoint Capital Partners, LLC
Midpoint Capital Partners, LLC is a real estate-focused investment and advisory firm providing flexible, solutions-oriented capital across the United States. The firm partners with experienced developers and operators to structure financing for ground-up and transitional real estate projects. Through disciplined underwriting and strong capital relationships, Midpoint delivers customized structures and certainty of execution in dynamic markets.
For more information, contact MidPoint Capital Partners at 833‑264‑3764 or [email protected]. The company is at 2942 N. 24th St., Suite 115, Phoenix.
MidPoint Capital Partners LLC is a commercial lender providing hard‑money loans, bridge and construction financing, commercial mortgages and hotel loans for clients in the U.S. and internationally.
Media: 833‑264‑3764 or [email protected]
For more information, visit www.midpointecapitalpartners.com
SOURCE: MidPoint Capital Partners, LLC