JLL Capital Markets secures $21.5M construction loan for Miami Dade County’s newest mixed-use development

MIAMI, Sep. 2, 2026 –  JLL Capital Markets announced today that it has arranged a $21.5 million construction financing for MMG Equity Partners’ Coral Nest development, a mixed-use project featuring 38 for-sale townhomes and three retail outparcels in Miami, Florida. 

JLL represented MMG Equity Partners, in securing the loan through Seacoast Bank.

Coral Nest, located at the corner of Southwest 144th Avenue and Southwest 26th Street in Miami's West Kendall area, benefits from proximity to major employment centers including Florida International University with 55,000 students and 10,000 employees, HCA Florida Kendall Hospital with 1,800 employees and Dolphin Mall's 1.4 million square feet of retail space. Average household income within a one-mile radius of Coral Nest is $155,062.

This thoughtfully designed 6.5-acre project features 24,536 square feet of prime retail space on the front 3.5 acres along Coral Way. The luxury two-story townhomes will be situated on the rear three acres, which complement the retail on the front and the single-family homes bounding the site. MMG has partnered with C4 Legacy Builders Group, led by Pedro Hernandez, for the development of the residential component.

The townhome community will offer a range of spacious, contemporary three- and four-bedroom residences ranging from 1,615 to 1,826 square feet of living area. Each home features impact windows and doors, designer kitchens with upscale appliances and contemporary finishes throughout. The competitive landscape is defined by older townhomes with an average vintage of 2004, with minimal new supply delivered in the last 15 years.

"We're excited to achieve this critical milestone for Coral Nest and look forward delivering a quality project to the West Kendall neighborhood,” stated Partner Marcos Puente of MMG Equity Partners. “We're 25 percent pre-sold on the townhomes after having kicked off sales three weeks ago, and construction is estimated to be completed by October 2027. We will be delivering the commercial land to Aldi and PNC Bank in the first quarter of 2027, with a third tenant to be announced shortly.”

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Chris Drew and Brian Gaswirth and Associate Michael Romero.

"This project represents a unique opportunity in the Miami market, combining the stability of investment-grade retail tenants with the strong demand for new construction for-sale townhomes in West Kendall," said Drew. "The loan facility will allow MMG the ability to capitalize on the significant supply and demand imbalance of new housing in Miami while creating flexibility in delivering a new grocer and supporting retail to the neighborhood."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

MMG Equity Partners is a privately owned real estate investment company focused on long-term ownership, management, development, and acquisition of commercial properties in Florida. MMG is also the sole owner and developer of Tamarack Resort, a four-season and ski resort master planned for 2,200 residential units in Idaho.  Prior to MMG, its principals led Navarro Discount Pharmacies. For more information about MMG Equity Partners, please visit www.mmgequitypartners.com

Founded as a full-service construction company specializing in new residential developments. C4 Legacy Builders Group brings over 25 years of experience in delivering upscale single-family and multifamily home communities, along with mixed-use projects that seamlessly integrate retail and residential spaces. C4 Legacy Builders' highly skilled team of professionals honors and elevates the character of neighborhoods by creating homes that leave a lasting legacy for families. Working closely with architects, designers, engineers, and permitting officials, C4 Legacy Builders expertly navigates every stage of the development process from due diligence to project delivery. C4 Legacy Builders' unwavering commitment to innovation, exceptional craftsmanship, and sustainable practices ensures that every project exceeds client expectations and also enriches communities while establishing enduring legacies.