The Vibe in Miami’s Little Havana secures $50.8M refinancing

• JLL Capital Markets arranged $50.8 million in refinancing for The Vibe, a Class A multifamily community in Miami's Little Havana neighbourhood

• A five-year fixed-rate CMBS loan was secured for STRE Management and Lloyd Jones

• The property consists of two eight-story buildings with 194 units at 700 Southwest 1^st St. 

MIAMI, Oct. 16, 2026 – JLL Capital Markets announced today that it has arranged a $50.8 million refinancing for The Vibe, a 194-unit luxury multifamily community located in Miami's Little Havana neighbourhood.

JLL worked exclusively on behalf of the borrowers, STRE Management and Lloyd Jones to secure the five-year, fixed-rate CMBS loan. The project benefits from The Live Local Act (Florida SB 102), which provides a 75% ad valorem property tax exemption on units restricted to residents earning 80-120% of area median income for projects with 71 or more qualifying units.

Completed in 2021, The Vibe consists of two eight-story buildings totalling 159,862 square feet, plus 7,625 square feet of fully leased commercial space. The property's unit mix includes one-, two- and four-bedroom units with gourmet kitchens with white quartz countertops, GE stainless steel appliance packages, floor-to-ceiling windows, private balconies or terraces with oversized and wraparound options available, custom closet organization systems with his-and-hers closets in select residences and full-size washers and dryers in each unit. The Vibe is currently 96.4% leased.

Community amenities include a resort-style amenity package, including a sundeck with pool and lounge seating, health-club-quality fitness center with free weights and cardio equipment, glass-walled yoga/flex room, designer lobby with green living wall, community lounge with workspaces and tech tables, Luxer One package storage with cool food lockers, bike storage, EV car charging stations and pet-friendly amenities, including a gated dog park and pet wash station.

The Vibe is positioned on 1.45 acres at 700 Southwest 1st Street in Little Havana, positioned less than one mile from Interstate 95 with a sub-10-minute commute to the Brickell Financial District and immediate access to some of Miami's premier restaurants, bars and nightlife destinations. The property provides an ideal bedroom community for young professionals and Brickell/CBD commuters seeking Class A living at a material rent discount to Downtown and Brickell submarkets.

JLL's Capital Markets Debt Advisory team representing the borrower was led by Managing Director Jesse Wright, Director Joshua Odessky and Analyst Luke Maganas.

"The Vibe represented an exceptional financing opportunity with strong operational performance and meaningful structural advantages," said Wright. "The property demonstrates consistent demand with low vacancy and minimal concessions, validating the strength of well-located assets near Miami's urban core. The sponsors' strategic participation in Florida's Live Local program delivers substantial tax savings that significantly enhance the credit profile.”

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.

ST Real Estate focuses its investments on the office market in Australia and on the multifamily and senior living market in the United States.

Lloyd Jones is a multifamily investment firm with four vertically integrated divisions: investment, development, property & senior housing management.