Updated Jul 16, 2025
Moishe Mana Secures $150 Million Refinance Loan For 56 Properties In Miami's Wynwood District
318 Northwest 23rd Street
$150,000,000
Building Size
—
Asset Type
Package Deal
Closing
Jul 15, 2025
About this deal
AI
A refinancing loan of $150,000,000 was secured for a package deal consisting of 56 properties located in Miami’s Wynwood district. This portfolio excludes the Mana Wynwood Convention Center and is part of ongoing redevelopment efforts in the area, including plans for a community project centered around arts.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $150,000,000
- Lender: WFL Lender
- Landlord: Moishe Mana - Mana Common
- Loan Type: Refinance
Moishe Mana previously paid off a $275 million line of credit from Centennial Bank prior to securing this loan. This transaction is part of a broader plan by Mana to redevelop Wynwood’s aging warehouses.
On the Map
$150,000,000
Package Deal
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93