Northmarq’s Debt + Equity team arranges $48.5M new construction loan for Evolve Wynwood 35 apartments

Photo rendering courtesy: Kobi Karp Architecture and Interior Design, Inc.

MIAMI — Northmarq’s West Palm Beach Debt + Equity team led by Chris Hammel successfully arranged the $48.5 million new construction loan for Evolve Wynwood 35, a proposed 141-unit midrise apartment located at 535 NW 35th St. in Miami.

Northmarq arranged financing on behalf of the borrower, Evolve Companies, through a relationship with Genesis Capital, a residential construction and bridge lender originating nearly $5 billion in non-owner occupied loans last year.

“Northmarq was pleased to provide the Evolve team construction financing for Evolve Wynwood 35. This will be an exciting 141-unit project with tremendous visibility from I-95 and I-195. We appreciate the opportunity and relationship with the developer,” Hammel said.  

Planned for completion in 2028, Evolve Wynwood 35 will be an eight-story apartment community sitting on 0.94 acres. The community will feature luxury studio, one- and two-bedroom floor plans with designer fixtures and high-end finishes.

Community amenities will include a resort-style pool w/ lounge, outdoor kitchens, ample garage parking for residents and guests, co-working space, full gym w/ yoga studio, dog park w/ pet spa station, rideshare pickup area, and welcoming common areas.

Conveniently located near Interstates 95 and 195, residents will enjoy upscale restaurants, shopping, entertainment, coffee, K-12 schools, and universities.