The hotel located at 255 Northwest 25th Street in Wynwood Miami, FL, is a noteworthy asset with over 26,000 SF of F+B space. The recent transaction involved a Construction Completion / Bridge Loan amounting to $39,000,000, provided by David Schwartz, Evan O’Connor & Daniel Schwartz from T30 Capital. The landlords of the property are Pierre Charalamides & Chris Desai from Dolphin Capital & Baywood Hotels.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $39,000,000
• Lender: David Schwartz, Evan O’Connor & Daniel Schwartz - T30 Capital
• Landlord: Pierre Charalamides & Chris Desai - Dolphin Capital & Baywood Hotels
• Brokers: Drew Anderman & Eddie Haber - Meridian Capital Group
• Loan Type: Construction Completion / Bridge Loan

The financing for this project, secured through a new loan that refinanced the initial construction loan, enables the developer to finalize and stabilize the hotel project. Notably, the F+B space within the property will be operated by Noble33, adding a unique touch to the establishment's offerings.