East End, Related Get Loan To Launch Wynwood 25
Two developers have teed up a multimillion-dollar construction loan to launch a new Wynwood project.
East End Capital and The Related Group have secured a nearly $58M construction loan for Wynwood 25, a project that will include 289 apartments, 31K SF of retail and 340 parking spaces, according to The Real Deal. Rents are slated to start at $1,400/month.
The loan from Bank of the Ozarks secures a 1.74-acre parcel at 339 Northwest 24 St. The loan means the duo of developers can now break ground on its vision, which it plans to do on July 10.