Berkadia Secures $172M Loan for Miami Highrise Condos

Berkadia arranged construction financing for ONE Park Tower by Turnberry, Turnberry’s 292-unit condominium tower in the heart of the SoLé Mia master development in North Miami. Scott Wadler led a Berkadia team that secured a $172 million loan from Bank OZK on behalf of the developer Turnberry.

ONE Park Tower by Turnberry is a 33-story property offering one-, two-, and three-bedroom units, plus a collection of penthouses and floorplans. The condos will range from about 900 square feet to 2,100 square feet. Arquitectonica designed the building.

ONE Park Tower by Turnberry features amenities including a beach club, a fitness center, a social deck, men’s and women’s spas, concierge service, and more.

The property is located directly along the shore of the community’s 7-acre Crystal Lagoon, with unobstructed panoramic views of Oleta River State Park, Biscayne Bay, and the Miami skyline.

The remaining units start at $900,000, with expected completion slated for Summer 2026. 

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.