CGI Merchant Group Secures $101.9M Loan From Madison Realty Capital For Hotel And Office Properties In Downtown Miami And Coconut Grove

Two properties, a hotel and an office, have been involved in a recent transaction in Downtown Miami and Coconut Grove. The hotel, located at 1100 Biscayne Boulevard, consists of 129 keys, while the office, located at 3480 Main Street, spans a total of 54,862 square feet. The deal took place on 02/22/2022.

Summary of transaction details:

• Property Type: Hotel
• Property Type: Office
• Market: Downtown Miami
• Market: Coconut Grove
• Loan Amount: $101,900,000

The lender for this transaction was Madison Realty Capital, represented by Josh Zegen. The landlord, CGI Merchant Group, was represented by Raoul Thomas. Surya Capital Partners, represented by Adi Chugh, acted as the broker involved in the deal.