Scott Wadler Of Berkadia Secures $36.2M Loan For Cube WYNWD Office Building

The Cube WYNWD office building in Miami, Florida, located at 230 NW 24th St, was acquired with the help of a $36.2 million loan arranged by Berkadia. The property consists of 90,000 square feet of office space and 10,000 square feet of retail space. The loan was provided by J.P. Morgan Chase & Company and features a five-year, fixed-rate term with interest-only payments throughout.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $36,200,000.00
• Borrower: Brick & Timber Collective
• Borrower's Representative: Scott Wadler (Berkadia)
• Lender: J.P. Morgan Chase & Company

Scott Wadler of Berkadia facilitated the financing on behalf of the borrower, a joint venture between Brick & Timber and Argosy Capital Partners, based in San Francisco and Philadelphia, respectively.