Terra Secures $183.75 Million Refinancing for The Offices at THE WELL Bay Harbor Islands From Monroe Capital’s Real Estate Platform

The refinancing follows the recent delivery of the 96,000-square-foot Class A office building, which is now more than 90% leased.

Terra, one of South Florida’s leading real estate development firms, has secured a $183.75 million loan from Monroe Capital's Real Estate Platform, the real estate finance platform of private credit asset manager Monroe Capital, to refinance The Offices at THE WELL Bay Harbor Islands, the recently completed Class A office component of Terra’s wellness-focused mixed-use development in Bay Harbor Islands. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, and Jordan Casella represented Terra in the transaction.

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