
Newmark Secures $91M Refi of Miami’s Wynwood 27 & 28
Newmark has arranged a $91 million loan on behalf of Kushner Companies and Block Capital Group for the refinancing of Wynwood 27 & 28. The property is on NW 27th Street (adjacent to NW 2nd Ave.) in Miami’s Wynwood submarket.
The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office. Valley National Bank and Israel Discount Bank provided the loan.
The project recently obtained its certificate of occupancy. At completion, it will deliver 52,000 square feet of commercial office space, 33,000 square feet of ground-floor retail, 152 residential units and parking for 232 vehicles. The property has leading-edge amenities including a garage, high-energy retail with innovative cuisine and fashion-driven qualities, spacious mid-rise apartments, open floor office configurations and outdoor terrace availability.
- ◦Financing