Florida East Coast Industries (FECI) Secures $438M Land Loan With Morgan Stanley & CanAm Capital Partners
FINANCED
$438,000,000
Florida
See Similar DealsFinanced 08/06/2021
FINANCED
Florida East Coast Industries (FECI) Secures $438M Land Loan With Morgan Stanley & CanAm Capital Partners
Broward County, FL, USA
See Similar DealsFinanced 08/06/2021
Summary
FLORIDA
Transaction Type:Loan
Morgan Stanley and CanAm Capital Partners have provided a loan of $438,000,000 to Florida East Coast Industries (FECI) for a land asset in Broward and Miami-Dade. The loan transaction took place on August 6, 2021.
Summary of transation details
- Asset Type: Land
- Lender: Morgan Stanley & CanAm Capital Partners
- Landlord: Florida East Coast Industries (FECI)
- Loan Amount: $438,000,000
- Market: Broward & Miami-Dade
Peter Briger Jr. was not mentioned in the CONTEXT.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$438,000,000.00
Monthly NOI$2,920,000.00
Monthly Debt Service$2,768,457.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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