Investor Team Scores $56M Refi on Wynwood Apartment Community
An LD&D-led team obtained a $56 million loan to recapitalize Wynwood Haus, a newly built 224-unit multifamily community with ground-floor retail located at the entrance to Miami’s Wynwood neighborhood.
Fannie Mae provided the seven-year, fixed-rate loan with full-term interest-only. The property was 94% occupied, and the deal closed on July 21.
Completed in 2024 at 1765 N. Miami Avenue, Wynwood Haus is a 20-story property located at the entrance of Wynwood. It offers studios, one- and two-bedroom units, along with 6,824 square feet of ground-floor retail. Community amenities include a pool and sun deck with bay views, a fitness center and outdoor terrace, a co-working area and conference room, library, resident lounge, pet grooming station, electric car charging stations, a smart locker package room and cold storage.
A six-member team led by Brad Williamson of Berkadia Miami arranged the financing for the joint venture sponsors LD&D (in a joint venture with IGEQ), Black Salmon, and Bridge Investment Group.
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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