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.