In another sign of confidence in South Florida’s luxury condo market, Nuveen Green Capital and Israel’s Bank Hapoalim have provided a combined $465 million construction loan for Naftali Group’s Jem Private Residences in downtown Miami.
Naftali’s first Miami condo project scores $465 million loan
Nuveen, Bank Hapoalim provide construction financing for 67-story tower
CoStar News
November 26, 2025 | 8:35 P.M.
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- JEM Private Residences
1016 2nd Ave, Miami, FL
- Companies
- Naftali Group
Construction
- Bank Hapoalim
Finance and Insurance
- Contacts
- Alexandra Cooley
Chief Investment Officer, Greenworks Lending LLC
- Michael Naftali
Chairman and Chief Executive Officer, Naftali Group