A project that takes Miami Beach luxury real estate prices to new highs of $3,000 per square foot is setting another record for the largest private residential financing in the Southeast since the recession.

Faena House, an 18-story oceanfront condominium development planned at 3201 Collins Ave., will benefit from a $300 million loan that closed Jan. 7 to the Faena Group and Access Industries from HSBC Bank USA N.A. Both development companies are powerhouses in their fields.