Stewards Inc. has successfully secured $79 million in refinancing for 1818 Park, a 273-unit luxury residential high-rise in Hollywood, Florida. The transaction, facilitated by BayBridge Real Estate Capital, includes senior debt from Värde Partners and mezzanine financing from CCL Capital, signaling continued investor confidence in the South Florida multifamily market.
Key takeaways
- The financing supports 1818 Park, a 22-story luxury community completed in 2022.
- The property currently maintains a 94 percent occupancy rate.
- The deal was arranged by BayBridge Real Estate Capital with debt provided by Värde Partners and CCL Capital.
Property details and amenities
Located at 1818 Hollywood Blvd., the 22-story tower sits directly across from the popular ArtsPark at Young Circle. Since its completion in 2022, the property has become a staple of local luxury living, offering residents a mix of studio, one-, two-, and three-bedroom floor plans. The average unit size is approximately 869 square feet.
The community is highly amenitized, featuring two swimming pools, dual fitness centers, coworking spaces, and a yoga studio. For residents seeking convenience, the building also includes ground-floor retail space, a coffee shop, and conference rooms. Outdoor features, such as terraces, barbecue areas, and EV charging stations, further enhance the pet-friendly living experience.
Market context and financing trends
The refinancing of 1818 Park arrives as the broader commercial and multifamily lending landscape shows signs of a rebound. Recent data from the Mortgage Bankers Association indicates that commercial and multifamily loan originations surged 52 percent year-over-year by the end of the first quarter of 2026. Specifically, the multifamily sector saw a 49 percent increase in dollar volume, reflecting a robust appetite among lenders for high-quality assets.
This upward trend is evident across the Miami metropolitan area, where major capital injections are supporting both existing luxury assets and new developments. As interest rates and market conditions stabilize, institutional investors remain focused on securing long-term positions in high-growth corridors, ensuring that prime locations like Hollywood continue to attract significant financial backing.