Mayfair in the Grove lands $114M refi as South Florida lending flows 

The Mayfair in the Grove mixed-use complex in Miami scored a $113.6 million refinancing, as South Florida lending keeps flowing amid higher interest rates.  Guggenheim Partners Investment Management provided the debt, which refinanced an outstanding balance of $72.4 million on a 2022 loan for $76.7 million, and bumped up the total by $41.2 million, according to records.  WMP I, an entity tied to Timo Kipp and West Palm Beach-based Whalou Properties, owns the 288,000-square-foot Mayfair in the Grove consisting primarily of retail space. Kipp bought the property for $37.8 million in 2010, records show.  Amy Julian and Andrew Chilgren of […]This article originally appeared on The Real Deal. Click here to read the full story.