{"id":199452,"date":"2026-03-20T17:43:16","date_gmt":"2026-03-20T17:43:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/199452\/"},"modified":"2026-03-20T17:43:16","modified_gmt":"2026-03-20T17:43:16","slug":"bain-capital-provides-118m-refi-for-fisher-brothers-new-rental-in-miami-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/199452\/","title":{"rendered":"Bain Capital Provides $118M Refi for Fisher Brothers\u2019 New Rental in Miami \u2013 Commercial Observer"},"content":{"rendered":"<p><a href=\"https:\/\/commercialobserver.com\/company\/fisher-brothers\/\" title=\"Fisher Brothers\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Fisher Brothers<\/a> secured $117.5 million from <a href=\"https:\/\/commercialobserver.com\/company\/bain-capital\/\" title=\"Bain Capital\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Bain Capital<\/a> to refinance a newly completed multifamily building in Miami\u2019s Wynwood neighborhood.\u00a0<\/p>\n<p>The floating-rate, interest-only bridge financing covers Joule House, a 308-unit development at 2200 Northwest First Avenue, on the corner of First Avenue and 22nd Street. The New York-based developer completed the asset in September.<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/03\/banks-capital-requirements-2026-proposal-basel\/\" rel=\"nofollow noopener\" target=\"_blank\">The Newly Proposed Rules on Banks\u2019 Capital Requirements: Here\u2019s the Thinking<\/a><\/p>\n<p>\u201cThis transaction represents a unique opportunity to partner with a best-in-class owner-operator in Fisher Brothers as they continue their thoughtful stabilization of a premier asset in an attractive, high-growth market,\u201d Mark Gormley, a managing director at Boston-based Bain Capital Credit, said in a statement.<\/p>\n<p>A representative for Fisher Brother declined to provide the occupancy rate of Joule House. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Michael Ianno, Christopher de Raet and Edward Leboyer of <a href=\"https:\/\/commercialobserver.com\/company\/walker-dunlop\/\" title=\"Walker &amp; Dunlop\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Walker &amp; Dunlop<\/a> represented Fisher Brothers in the transaction.<\/p>\n<p>The fourth-generation real estate company <a href=\"https:\/\/commercialobserver.com\/2023\/07\/fisher-brothers-wynwood-jpm-canyon-wd\/\" rel=\"nofollow noopener\" target=\"_blank\">obtained<\/a> a $117.5 million construction loan from J.P. Morgan Chase and Canyon Partners in 2023 after paying $17.6 million two years earlier for the 1.54-acre site.\u00a0<\/p>\n<p>The eight-story building was Fisher Brothers\u2019 first project in Miami. The firm is best known for owning legacy office buildings in New York City\u2019s Midtown.\u00a0<\/p>\n<p>Besides the residential component, Joule House includes 26,000 square feet of ground-floor retail space, where high-end smoothie joint Sunlife Organics will open a 2,000-square-foot location later this year.<\/p>\n<p>Julia Echikson can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/03\/bain-capital-miami-wynwood-fisher-brothers-joule-house\/mailto:jechikson@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">jechikson@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Fisher Brothers secured $117.5 million from Bain Capital to refinance a newly completed multifamily building in Miami\u2019s Wynwood&hellip;\n","protected":false},"author":2,"featured_media":199453,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[92234,92235,123,125,124],"class_list":["post-199452","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-2200-northwest-first-avenue","tag-joule-house","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/199452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=199452"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/199452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/199453"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=199452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=199452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=199452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}