Berkadia Miami’s Brad Williamson, Scott Wadler and Michael Basinski, along with Mitch Sinberg, Matt Robbins, and Jacob Kelly, secured the financing on behalf of RIVANI. BridgeInvest provided the loan.
The property is currently 100% occupied by two tenants.
Nelson Garcia of RARE CRE represented the seller in the acquisition. Michael Basinski and Mitch Sinberg of Berkadia Boca Raton arranged a $31.75 million acquisition loan through City National Bank.
The project, which features 106 residences and a 29-slip private marina, is located on the last 14 contiguous acres of Intracoastal waterfront in the Palm Beaches.
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.
In total, the Florida-based team, led by Senior Managing Director Mitch Sinberg of Berkadia Boca Raton, executed 35 deals across the country, including 12 acquisition loans, two equity raises, one construction loan, three land loans, and 17 strategic refinances.
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.
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.
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