PMG, Lndmrk score $126M construction loan for Wynwood condos
The Real Deal reported that Madison Realty Capital, alongside co-lender Siguler Guff, provided $126 million in construction financing for Twenty Sixth & 2nd Wynwood Residences, an eight-story, 233-unit condominium development at 2600 Northwest Second Avenue in Miami's Wynwood neighborhood. Developed by PMG and Lndmrk Development, the project features fully furnished studio and one-bedroom units each with deeded office space, a rooftop pool, spa, fitness center, and an Airbnb partnership enabling short-term rentals, with prices ranging from $500,000 to $1 million. The project is 73 percent presold and construction is expected to complete in 2028.