The Dorsey Update 04/18/23

Developers Secure A $165M Refinancing Loan for The Dorsey in Miami 

The 12-story, 604,110-square-foot mixed-use project, The Dorsey was recently completed in Q4 of 2022 and now developers have plans to refinance. The team of developers recently received a $165 million refinancing loan from MF1 Capital which will pay off an $87.5 million construction loan provided by Bank OZK in 2020.  The refinancing loan will be interest-only, for 30 months.

The Dorsey office space is 100% leased with some residential and retail space still available. 



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