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 property is located on NW 27th Street, adjacent to NW 2nd Ave.
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, Newmark secured Valley National Bank and Israel Discount Bank to provide the loan.
The project recently obtained its certificate of occupancy which will deliver 52,000 square feet of commercial office space; 33,000 square feet ground-floor retail; 152 residential units; parking for 232 vehicles; leading-edge amenities including a garage with innovative cuisine options available within high energy retail spaces plus spacious mid-rise apartments featuring open floor plan configurations alongside outdoor terrace availability.
