Berkadia, a distinguished leader in the commercial real estate sector, announces it arranged 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.
Managing Directors Brad Williamson and Scott Wadler of Berkadia Miami and Senior Managing Directors Chris Ellis of Berkadia Denver and Mitch Sinberg of Berkadia Boca Raton, along with Managing Director Matt Robbins, Vice President Abigail Beauchamp and Director Jared Hill, arranged the financing on behalf of the joint venture sponsors, Miami-based real estate investment, development and design firm LD&D (in a joint venture with IGEQ), national real estate firm Black Salmon, and Salt Lake City-based Bridge Investment Group.
Fannie Mae provided the seven-year, fixed-rate loan with full-term interest-only. The property was 94% occupied. 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 and offers studios, one- and two bedroom-units, along with 6,824 square feet of ground floor retail. One hundred of the apartments are workforce housing for families earning 100 to 140% of area median income (AMI). Modern details and finishes include floor-to-ceiling windows, oversized balconies, full-size in-unit washer and dryer, wireless-controlled smart thermostat, 10-foot ceilings, walk-in closets in most units, a rain shower, and secure keyless entry. 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.
The property is a designated transit-oriented development (TOD) within walking distance of the School Board Metromover station, offering convenient access to downtown Miami, Brickell and Miami Beach, and other areas via the Metrorail and Brightline regional commuter train.