A $30.5 million construction loan has landed for Surf Row Residences, a boutique condominium development on Collins Avenue in Surfside, Florida — and it signals that one of South Florida’s most closely watched coastal projects is now moving into full vertical construction.
The financing, provided by Maxim Capital Group, marks the fourth construction loan closed between Maxim Capital Group and the development team behind Surf Row Residences: firms LD&D and ONE Capital. That kind of repeat lending relationship is a strong signal of lender confidence in both the developers and the Surfside market itself.
The project broke ground in late 2025 and is targeting a completion date of 2027. Interest from buyers — both domestic and international — has already been described as substantial, with the development positioned to attract families, professionals, retirees, and buyers seeking a premium coastal lifestyle in one of Florida’s most desirable communities.
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What Surf Row Residences Actually Is — and Why Surfside?
Surfside, Florida sits just north of Miami Beach along a stretch of Atlantic coastline that has long drawn high-net-worth buyers and tourism dollars. Collins Avenue, where Surf Row Residences is located, is one of the most recognizable addresses in South Florida real estate — a corridor associated with luxury hotels, upscale residences, and direct beach access.
Surf Row Residences is being developed as a boutique condominium project, which sets it apart from the massive high-rise towers that dominate much of the Miami skyline. Boutique developments typically offer fewer units, more personalized design, and a closer-knit community feel — qualities that appeal strongly to buyers who want luxury without the anonymity of a 50-story tower.
The project’s target audience is notably broad. Rather than marketing exclusively to one type of buyer, Surf Row Residences is positioned for families looking for a second home or vacation property, working professionals seeking a primary coastal residence, retirees wanting walkable beach access, and international buyers treating South Florida as a stable real estate investment.
The Financing Deal: Key Details at a Glance
The $30.5 million loan from Maxim Capital Group is the centerpiece of the current development phase. Here’s what the confirmed details tell us:
- Loan amount: $30.5 million
- Lender: Maxim Capital Group
- Developers: LD&D and ONE Capital
- Loan number: Fourth construction loan closed between Maxim Capital Group and this development team
- Project location: Collins Avenue, Surfside, Florida
- Groundbreaking: Late 2025
- Expected completion: 2027
- Buyer interest: Confirmed from both domestic and international markets
| Detail | Confirmed Information |
|---|---|
| Project Name | Surf Row Residences |
| Location | Collins Avenue, Surfside, Florida |
| Loan Amount | $30.5 million |
| Lender | Maxim Capital Group |
| Developers | LD&D and ONE Capital |
| Groundbreaking | Late 2025 |
| Completion Target | 2027 |
| Loan Sequence | Fourth loan between Maxim Capital Group and this development team |
What This Means for Surfside’s Tourism and Real Estate Appeal
Surfside has spent years rebuilding its identity as a premium coastal destination. New boutique developments like Surf Row Residences play a direct role in that process — they attract affluent residents and visitors, which in turn supports local businesses, restaurants, and the broader tourism economy.
For prospective buyers, the secured financing is meaningful news. A $30.5 million construction loan from an established lender means the project is capitalized and moving forward on schedule. In a real estate market where some developments stall at the permitting or pre-construction phase, reaching vertical construction is a significant milestone that reduces buyer risk.
The international buyer interest is also worth noting. South Florida has long served as a magnet for global capital — particularly from Latin America and Europe — and a boutique project on Collins Avenue in Surfside fits squarely into the type of asset that overseas investors and second-home buyers have historically targeted.
From a tourism perspective, developments like this also expand the range of high-end accommodation options available to visitors who prefer the privacy and amenities of a residential-style property over a traditional hotel stay. That trend — sometimes called the “residential tourism” market — has grown steadily across coastal Florida communities.
What Happens Between Now and 2027
With financing now secured and vertical construction underway, the development team at LD&D and ONE Capital will focus on delivering the project on its 2027 timeline. That means structural work, interior buildout, and the sales and marketing process for remaining units — all of which typically accelerate once a project reaches this stage.
The continued partnership between the developers and Maxim Capital Group — now across four separate loan transactions — suggests a working relationship built on a track record of completed projects. That history tends to matter to buyers who are evaluating whether a development will actually deliver.
For Surfside as a community, the completion of Surf Row Residences will add a new boutique luxury property to a coastal corridor that continues to attract significant real estate investment. Whether the project’s impact on tourism appeal plays out as anticipated will depend on how the broader South Florida market performs over the next two years — but the financing milestone removes one of the biggest early uncertainties.
Frequently Asked Questions
What is Surf Row Residences?
Surf Row Residences is a boutique condominium development located on Collins Avenue in Surfside, Florida, being developed by LD&D and ONE Capital.
How much financing has the project secured?
The project has secured a $30.5 million construction loan provided by Maxim Capital Group.
When did construction begin and when will it be completed?
The project broke ground in late 2025 and is expected to be completed by 2027.
Who is behind the lending relationship on this project?
Maxim Capital Group is the lender, and this is the fourth construction loan closed between Maxim Capital Group and the developers, LD&D and ONE Capital.
Who is the target buyer for Surf Row Residences?
The project is positioned for families, professionals, retirees, and discerning buyers — including domestic and international purchasers — seeking luxury coastal living in Surfside.
How does this project affect Surfside’s tourism appeal?
Boutique luxury developments like Surf Row Residences are seen as enhancing Surfside’s appeal to affluent visitors and buyers, supporting the local economy and expanding high-end residential options for tourism-related stays.
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