Berkadia Arranges Sale, Financing Of Value-Add Apartments In Davie
Senior Managing Director Jaret Turkell and Senior Directors Omar Morales and Yoav Yuhjtman of Berkadia South Florida led the transaction on behalf of the seller.
Senior Managing Director Jaret Turkell and Senior Directors Omar Morales and Yoav Yuhjtman of Berkadia South Florida led the transaction on behalf of the seller.
The floating-rate bridge loan will be used to refinance the property’s existing construction financing and fund remaining completion costs for the project, which topped out in October 2025 and is expected to deliver in mid-2026.
Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson and Matt Robbins, and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the financing on behalf of the multifamily owner/operator.
Berkadia announced the addition of two Senior Managing Directors and a Vice President to establish the new group. The trio worked together at CBRE Capital Advisors.
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.
The 689,940-square-foot portfolio consists of 20 warehouse buildings located in the Medley submarket.
The deal illustrates investor appetite for Build-to-Rent (BTR) product in land-constrained South Florida.
Grover Corlew anticipates immediately breaking ground with completion expected by May 2027.
The property is currently 100% occupied and has historically operated at full occupancy during Urban Street Development’s ownership.
Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsors, Neology Development Group and American Opportunity Zone Advisors (AOZA).
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