Financing for Wynwood Apartments Includes $124.2M C-PACE Loan
Rilea Group closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily community now under construction in the heart of Miami’s Wynwood Arts District.
The financing package includes $124.2 million in C-PACE capital from Nuveen Green Capital (NGC) and a $25 million senior loan from ABANCA USA, which serves as the senior secured lender for the transaction. The financing was arranged by Javier Herrera of Franklin Street.
“Mohawk at Wynwood represents the next frontier of Miami living – a project that fuses punk rock, high fashion, and renegade culture into an all-brick, steel, and glass building that feels both timeless and unapologetically new,” said Diego Ojeda, President of Rilea Group. “From the widest sidewalks in Wynwood to rooftop pools, lounges, padel courts, and 30,000 square feet of dynamic retail, Mohawk is more than a building; it’s a movement.”
Slated for completion in 2028, construction of Mohawk at Wynwood is being led by Coastal Construction. The project sits on NW 29th Street.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout