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Florida & Gulf Coast  + Miami + South Florida  + Finance  |  February 17, 2023
Berkadia has arranged a $113-million loan to refinance the Gateway at Wynwood office and retail project in Miami, FL.
Lisa McDuffie
By: Lisa McDuffie

Berkadia Arranges $113M Refi of New Class A Office in Miami’s Wynwood District

Berkadia has arranged a $113-million loan to refinance the 2022-completed Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project located in the Wynwood District of Miami, FL.

Charles Foschini, Christopher Apone and Robert Iudice of Berkadia arranged the loan on behalf of New York-based Rose & Berg Realty Group LP, a family-owned real estate management, leasing and construction company.

Berkadia also secured the original construction loan for the project in early 2020 through lender 3650 REIT. This time, commercial real estate lender A10 Capital provided the three-year loan, with two, one-year extension options.

“The volatility in the lending environment made this office refi transaction challenging, but our relationships with the lending community and the strength of this asset helped us secure one of South Florida’s largest office refis in recent times,” said Foschini.

Gateway at Wynwood features a private rooftop terrace with panoramic views, 512 on-site parking spaces and 24,000 square feet of retail.

Read More News Stories About: A10 Capital, Berkadia
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Inside The Story

Berkadia's Foschini

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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