PMG, Greybrook Secure $178 Million Refinancing for Society Wynwood in Miami

8/27/2024

|

REBusinessOnline

• Subcategory: Capital Markets: Debt, MF: Condo-Townhome, MF: Market Rate

• Tag: Closing | JV-Partnership | Operations

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, MF: Condo, MF: Highrise

• Additional Filters-Tags: Sale: SF-Condo

• Company: Ares Management Corp (NYSE: ARES)

PMG and Greybrook have secured a $178 million loan for the refinancing of Society Wynwood, a 318-unit mixed-use asset located at 176 N.W. 25th St. in Miami’s Wynwood Arts District. Eastdil Secured arranged the loan through funds managed by Ares Management and Monarch Alternative Capital on behalf of the borrowers. Randy Barcelo of Stearns Weaver Miller advised PMG in the transaction.