Berkadia Arranges $165M Refinancing for The Dorsey Mixed-Use Development in Miami

by John Nelson

MIAMI — Berkadia has arranged a $165 million loan to refinance the construction loan for The Dorsey, a recently completed mixed-use development located in Miami’s Wynwood neighborhood. The property — which was co-developed by Related Group, LNDMRK and Tricera Capital — features 306 apartments, 73,000 square feet of offices and 36,000 square feet of retail space. Schonfeld Strategic Advisors and Industrious fully occupy the office portion of the development. Scott Wadler, Brad Williamson, Matt Robbins, Mitch Sinberg and Michael Basinski of Berkadia’s South Florida office arranged the 30-month, interest-only financing through MF1 Capital on behalf of the borrowers.

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