Kushner Companies & Block Capital Group Secure $80M Loan For Wynwood Development Site

A development site located at 127 Northwest 27th Street and 129 Northwest 26th Street in Wynwood has secured a loan of $80,000,000. The property spans across 1.5 acres and is owned by Kushner Companies, specifically Charles Kushner and Laurent Morali, along with Block Capital Group represented by Martin Miculitzki.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $80,000,000
• Address: 127 Northwest 27th Street and 129 Northwest 26th Street
• Market: Wynwood
• Landlord: Kushner Companies - Charles Kushner & Laurent Morali, Block Capital Group - Martin Miculitzki
• Lender: Axos Bank & Fortress

The loan was provided by Axos Bank and Fortress. Axos Bank is a leading digital bank while Fortress is a reputable financial institution. The decision to secure a loan indicates the intent to finance the development of the site, suggesting potential future construction projects or improvements to maximize its value.