The Real Deal Miami

$58M construction loan for SoMa at Brickell

Wells Fargo Bank provides financing for apartment project near Miami's financial district
SoMa at Brickell rendering

SoMa at Brickell rendering

The developer of SoMa at Brickell received $58.1 million in financing for the apartment project, The Real Deal has learned.

Monogram Residential Brickell Project Owner of Plano, Texas obtained the construction loan from Wells Fargo Bank in a transaction recorded on Monday, according to Miami-Dade County records. The company is tied to developer Monogram Residential. It began construction during the summer.

Located at 145 Southwest 13th Street, SoMa will include a mix of studios and one and two-bedroom units. The complex will have a total of more than 400 apartments.

The project was previously known as Broadstone Brickell Lofts.