Walker & Dunlop, Inc. announced on June 25, 2025, that it arranged an $87.3 million refinance for 2000 Biscayne, a newly built, Class-A multifamily building totaling 420 units in Miami, Florida. The financing was secured for a joint venture team including Kushner Companies and PTM Partners.
The Walker & Dunlop New York Capital Markets team, comprising Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Dustin Stolly, Jordan Casella, Christopher de Raet, and Stanley Cayre, acted as exclusive advisors. Corebridge Financial provided the capital for the debt refinancing.
The 36-story residential tower features 420 premium apartments and a wide range of indoor and outdoor amenities. Michael Tillman, CEO at PTM Partners, noted the property's brisk 75% lease-up in a very short period, demonstrating strong demand for high-quality assets and the continued strength of the Miami rental market.
Michael Stepniewski, senior director of New York Capital Markets, stated that 2000 Biscayne delivers unmatched quality, convenience, and lifestyle offerings, establishing it as a leading multifamily property in Miami. The city continues to see strong demand for housing driven by population growth and economic expansion.
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