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Walker & Dunlop, Inc., has structured $61 million in financing for UNI Tower in Miami, FL on behalf of developer NR Investments.

Walker & Dunlop Structures $61M for Miami’s First 100% Restricted Skyrise

Walker & Dunlop, Inc., has structured $61 million in financing for UNI Tower in Miami, FL. According to the company, the property will be Miami’s first 100% income- and rent-restricted residential skyrise.

Jeremy Pino, Livingston Hessam, Carl Passmore, Kyle Miller, David Strange and Keith Melton arranged the loan through the Department of Housing and Urban Development’s 221(d)(4) new construction program, which includes both construction and permanent financing in a single loan and mitigates interest rate risk for the developer, NR Investments.

UNI Tower, located in the heart of Miami’s urban core within the bounds of a designated Economic Opportunity Zone census tract, will deliver 252 affordable and workforce housing units to one of the country’s most costly housing markets.

Once complete, UNI Tower will feature 10,000 square feet of office space and 4,500 square feet of ground-floor retail within Miami’s Arts & Entertainment District, which connects the Wynwood Arts District and Design District to Downtown Miami.

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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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