Newmark has arranged a $91 million loan on behalf of Kushner Companies and Block Capital Group for the refinancing of Wynwood 27 & 28 in Miami’s Wynwood submarket. The project, located on NW 27th Street adjacent to NW 2nd Ave., recently obtained its certificate of occupancy and 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 Newmark team was led by Jordan Roeschlaub and Dustin Stolly – Co-Presidents 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.
Wynwood 27 & 28 features leading-edge amenities such as a garage; high energy retail with innovative cuisine; fashion driven qualities; spacious mid rise apartments; open floor office configurations plus outdoor terrace availability.
Newmark Secures $91M Refi for Miami’s Wynwood 27 & 28
