Thor Equities Closes $37M Construction Loan In Miami’s Wynwood District

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Thor Equities Group recently closed a $36.95 million construction loan for its Wynwood Walk development in Miami, according to public records. The lender is ACRES Capital.

New York-based Thor Equities said in a statement that the loan will support its business plan to continue leasing at the 63,000-square-foot project in the fast-gentrifying artsy district north of Downtown Miami.

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Among the tenants at Wynwood Walk are Puttery at 239 NW 28th Street and Velvet Taco at 2820 NW Second Avenue. Other occupants include Sea Saw/Shinso, Chama De Fogo, Midtown Boba and Collectors Club.

With the latest loan, Boston-based Acres Capital has financed more than $100 million in projects for Thor Equities in the past month.

Earlier this month, Thor announced the closing of a $68.5 million construction loan from Acres Capital for 377 Carlls Path in Deer Park, N.Y. That financing will support the development of a 310,500-square-foot Class A industrial facility.

Jeff Ostrowski can be reached at jostrowski@commercialobserver.com.