Ytech Secures $25 Million Construction Loan From Banesco USA For Nolan House Expansion In Miami
1548 Brickell Avenue
Single Family
9,172 SF
Financed 14 hours ago
Summary
FLORIDA
Asset Type: Single Family
Price Per Square Foot: $2725
Total Square Footage: 9172 SF
Transaction Type: Loan
A construction loan of $25 million was secured by Ytech for the expansion of the historic Nolan House located at 1548 Brickell Avenue in Miami’s Brickell district. The asset has a size of 9,172 square feet and is situated on 0.4 acres. The expansion aims to increase the property into a 32,686-square-foot headquarters, while still preserving the character of one of the last “Millionaire’s Row” homes.
Summary of transaction details:
• Property Type: Single Family
• Transaction Amount: $25,000,000
• Address: 1548 Brickell Avenue
• Market: Miami
• Lender: Banesco USA
• Landlord: Yamal Yidios – Ytech
• Note: The project adds office and gallery space for Ytech as part of its ongoing Brickell expansion strategy.
Yamal Yidios represents Ytech in this transaction, working alongside Banesco USA to finance the expansion project. The development is expected to complement Ytech’s nearby 70-story condo project, enhancing the overall landscape of the Brickell area.
Players
Banesco USA
LENDER
Yamal Yidios
9 deals | $744.6M volume
LANDLORD
Details
FINANCED
IMAGE: Yamal Yidios
DATE: 03/24/2026
ADDRESS: 1548 Brickell Avenue
MARKET: Miami
ASSET TYPE: Single Family ~ SF: 9,172 ~ ACRES: 0.4
LENDER: Banesco USA (@BanescoUSA)
LANDLORD: Yamal Yidios – Ytech (@WeareYtech)
LOAN AMOUNT: $25,000,000
LOAN TYPE: Construction
NOTE: Ytech secured a $25 million construction loan from Banesco USA to expand the historic 9,172-square-foot Nolan House in Miami’s Brickell district into its 32,686-square-foot headquarters.The project preserves one of the last “Millionaire’s Row” homes while adding office and gallery space for Ytech, complementing its nearby 70-story condo development and ongoing Brickell expansion strategy.
