A joint venture involving LD&D, IGEQ, Black Salmon, and Bridge Investment Group has successfully secured a $56 million loan to recapitalize Wynwood Haus, a recently completed 224-unit apartment community in Miami’s vibrant Wynwood neighborhood. The financing was arranged by Berkadia’s teams across Miami, Denver, and Boca Raton, with Fannie Mae providing the seven-year, fixed-rate loan featuring full-term interest-only payments.
Key Takeaways
- A joint venture has secured $56 million in financing for the Wynwood Haus apartment community.
- The loan was provided by Fannie Mae and arranged by Berkadia.
- Wynwood Haus features 224 units, including 100 workforce housing apartments.
- The property offers extensive amenities and is located in a transit-oriented development.
Property Overview
Wynwood Haus, which finished construction last year, is situated at 1765 N. Miami Avenue, marking the entrance to the Wynwood neighborhood. The community offers a range of studio, one-, and two-bedroom layouts, with residences spanning from 390 to 960 square feet. The property also includes over 6,800 square feet of ground-floor retail space.
Mixed-Income Community Features
A significant portion of Wynwood Haus, specifically 100 of its apartments, are designated as workforce housing. These units are intended for families earning between 100 and 140 percent of the Area Median Income, addressing a critical need for affordable housing options in the area.
Apartment and Building Amenities
Residents of Wynwood Haus can enjoy a host of modern features and finishes. Apartments boast floor-to-ceiling windows, oversized balconies, in-unit full-size washer-dryers, wireless-controlled smart thermostats, 10-foot-high ceilings, walk-in closets, rain showers, and secure keyless entry. The community’s amenities are equally impressive, including a sun deck and pool with bay views, a fitness center with an outdoor terrace, a co-working area and conference room, a library, a resident lounge, a smart locker package room, electric car charging stations, cold storage, and a pet grooming station.
Transit-Oriented Development
Wynwood Haus is strategically located as a designated transit-oriented development, situated just steps from the School Board Metromover station. This prime location allows residents easy access to downtown Miami, Brickell, and Miami Beach via the Metromover elevated rail system. Furthermore, connections to Metrorail and Brightline regional commuter trains provide convenient access to broader destinations.