Lender moves to foreclose on JDS affiliate’s Mercedes-Benz Miami project

By: Katherine Kallergis

Cottonwood Group acquired the project loan for the Mercedes-Benz Places condominium development from Maxim Credit Group in March 2026. The project later became the subject of a foreclosure lawsuit alleging that an affiliate of JDS Development Group has nearly $100 million in unpaid debt. Read the full article in The Real Deal.

ABOUT COTTONWOOD GROUP: Headquartered in Los Angeles, Cottonwood is a private equity real estate investment firm focused on equity and debt opportunities across all property sectors and geographies. The firm’s ability to act as a lender, investor, operator and sponsor of real estate investments of all sizes and complexities is fundamental to delivering a risk-adjusted absolute return for investors. Investing out of its discretionary funds and separate institutional accounts, Cottonwood targets U.S. real estate opportunities with a capitalization of up to $1 billion.