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Fisher Brothers has obtained a $117.5 million refinancing for Joule House, a residential community located in Wynwood. The new loan was provided by Bain Capital and replaces existing debt on the property. Walker & Dunlop Capital Markets Institutional Advisory represented Fisher Brothers in arranging the financing.
Joule House is an eight-story multifamily property situated at 2200 NW 1st Avenue. The community offers a mix of studio, one-bedroom, and two-bedroom apartments, along with select two- and three-bedroom penthouse residences. The penthouse units range from 985 to 1,400 square feet, providing larger residential options within the building.
The property features approximately 23,000 square feet of indoor and outdoor amenities distributed across three levels. Residents have access to a heated pool and jacuzzi, as well as an outdoor barbecue area designed for social gatherings. Additional leisure-focused spaces include a game lounge, an outdoor garden, and a dedicated game room.
Wellness and productivity amenities are also integrated into the project. Joule House includes a fitness center and an outdoor yoga space, supporting resident health and lifestyle needs. For residents seeking flexible work environments, the community offers a coworking center alongside a demonstration kitchen that can be used for events and programming.
Monthly rents at Joule House start at $2,512, positioning the community within the higher-end segment of the local rental market. The combination of varied unit types, penthouse offerings, and amenity-rich common areas targets renters seeking both convenience and on-site lifestyle features.
The refinancing transaction involved a large advisory team from Walker & Dunlop Capital Markets Institutional Advisory. Professionals on the assignment included Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Michael Ianno, Christopher de Raet, and Edward Leboyer, who collectively represented Fisher Brothers in securing the loan from Bain Capital.
Beyond this transaction, Fisher Brothers reports that it currently owns and operates a portfolio of commercial, residential, and experiential retail assets in multiple U.S. markets, including Las Vegas, Miami, New York City, and Washington, D.C. The Joule House refinancing adds to the firm’s ongoing activity in the multifamily and mixed-asset sectors.
The post Fisher Brothers Secures $117.5M Refi from Bain Capital for Wynwood’s Joule House Apartments appeared first on CRE Market Beat.
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