Winston Fisher Of Fisher Brothers Secures $117.5 Million Refinance Loan For 2200 Northwest 1st Avenue
2200 Northwest 1st Avenue
$117,500,000
$477/SF
Building Size
246,197 SF
Asset Type
MultiFamily
Closing
Mar 15, 2026
AI
The property involved in this transaction is a multifamily asset located at 2200 Northwest 1st Avenue in Miami, featuring 308 units and a total square footage of 246,197. The loan amount for this refinance transaction is $117,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $117,500,000
- Address: 2200 Northwest 1st Avenue
- Market: Miami
- Units: 308
- Square Footage: 246,197
- Lender: Mark Gormley – Bain Capital
- Landlord: Winston Fisher - Fisher Brothers
- Broker Representatives: Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Michael Ianno, Christopher de Raet & Edward Leboyer - Walker & Dunlop
The transaction features key individuals such as Mark Gormley from Bain Capital, serving as the lender, and Winston Fisher from Fisher Brothers, acting as the landlord. The brokerage representation came from a team at Walker & Dunlop, consisting of multiple professionals including Keith Kurland and Aaron Appel among others, highlighting collaborative efforts in this refinancing deal.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93