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Miami Developer Scores $48.5M Construction Loan for Miami Apartments
Evolve Companies obtained a $48.5 million construction loan for Evolve Wynwood 35, a proposed 141-unit midrise apartment located at 535 NW 35th St. in Miami.
Northmarq’s Chris Hamel arranged financing for the developer through a relationship with Genesis Capital, a residential construction and bridge lender.
Planned for completion in 2028, Evolve Wynwood 35 will be an eight-story apartment community sitting on 0.94 acres. The community will feature luxury studio, one- and two-bedroom floor plans.
Community amenities will include a pool w/ lounge, outdoor kitchens, ample garage parking for residents and guests, co-working space, full gym w/ yoga studio, and a dog park w/ pet spa station.
Located near Interstates 95 and 195, the area offers restaurants, shopping, entertainment, coffee, K-12 schools, and universities.
Evolve has developed and constructed over 10,000 multi-family apartment homes across the southeast.
- ◦Development
- ◦Financing
