Stewards Lands $79M Refi for Metro Miami Community
The luxury property changed hands for $190 million in 2025.
Stewards Inc., formerly known as FAVO Capital, has received $79 million for 1818 Park, a 273-unit luxury community in Hollywood, Fla., in a transaction arranged by BayBridge Real Estate Capital. The financing package includes senior debt originated by Värde Partners and a mezzanine loan issued by CCL Capital.
Stewards acquired 1818 Park last August for $190 million. Structured as an all-stock transaction, the deal also included the assumption of existing liabilities. As part of the agreement, seller GCF Development became a long-term equity partner in the company.
Completed in 2022, the building rises 22 stories at 1818 Hollywood Blvd. The property is close to Interstate 95 and multiple retail and dining options, as well as golf courses and parks. Fort Lauderdale-Hollywood International Airport is 5 miles away.
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The unit mix at 1818 Park includes studio and one- to three-bedroom layouts, with an average size of 869 square feet. The residential high-rise is 94 percent occupied.
Common-area amenities include two swimming pools, two fitness centers, coworking spaces, conference rooms, a coffee shop, a yoga studio and 10,000 square feet of ground-floor retail space. The pet-friendly property also features outdoor amenities such as terraces, barbecue areas, an outdoor lounge, parking spaces and EV charging stations.
BayBridge Managing Partner Jay Miller, Managing Director AJ Felberbaum, Director Spencer Miller and Head of Deal Execution Noah Rothman represented Stewards Inc.
National lending sees rebound
Commercial and multifamily loan originations increased 52 percent year-over-year at the end of the first quarter of 2026, according to data from the Mortgage Bankers Association. For multifamily properties, the dollar volume increased 49 percent year-over-year, reflecting stronger lender interest, while government-sponsored enterprises such as Freddie Mac and Fannie Mae originations rose 38 percent.
Some of the lending activity in Miami was tied to multifamily construction. In one of the quarter’s largest financing deals, CMC Group and Fort Partners obtained $323.8 million for the development of Four Seasons Private Residences, a 70-unit luxury condominium project in Coconut Grove, Fla. Completion is expected in 2028.
