MIAMI—The Wynwood HQ Building, a 28,200-square-foot, two-story, warehouse and office building located in Miami’s Wynwood Arts District, just secured $5 million interim financing. Wynwood is one of the largest and most prominent creative communities in the United States.

CBRE vice chairman Charles Foschini and senior vice president Christopher Apone of CBRE’s Miami-based Florida Capital Markets team, arranged the financing on behalf of Metro 1 Properties. “Against a competitive field of options,” Foschini says, “we looked for a lending source that understood the Wynwood District and that would enable the most value creation at the lowest cost of capital.”

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Jennifer LeClaire

GlobeSt

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