Diego Ojeda Lands $150 Million Construction Loan For Mohawk At Wynwood In Miami

This property asset is a mixed-use development located at 56 Northeast 29th Street in Miami, featuring 300 residential units and a total square footage of 511,290. The construction financing for this project amounts to $150 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $150,000,000
• Loan Type: Construction
• Loan Terms: 27-years
• Lender: Nuveen Green Capital & Abanca USA
• Landlord: Diego Ojeda
• Broker: Javier Herrera - Franklin Street
• Completion Year: 2028
• Unique Features: Rooftop pools, lounges, padel courts, and 30,000 square feet of dynamic retail space

The deal involves key individuals such as Diego Ojeda, who serves as the President of Rilea Group, and Javier Herrera from Franklin Street, who arranged the financing package. The financing includes $124.2 million in C-PACE capital and a $25 million senior loan, representing the largest C-PACE-financed multifamily transaction in Florida to date.