Florida East Coast Industries (FECI) Secures $438M Land Loan With Morgan Stanley & CanAm Capital Partners
Broward County, FL, USA
$438,000,000
Building Size
—
Asset Type
—
Closing
Aug 5, 2021
About this deal
AI
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.
The commercial loan at Broward County, FL, USA in Fort Lauderdale, Florida financed for $438M in 2021. This page is the Fort Lauderdale, Florida file for the Broward County, FL, USA commercial financed: pricing, party profiles, and other closed commercial comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale commercial set by closing date to see what else financed near Broward County, FL, USA around 2021. Published consideration for Broward County, FL, USA is $438M, dated 2021. Cite this Florida East Coast Industries (FECI) Secures $438M Land Loan With Morgan Stanley & CanAm Capital Partners loan when underwriting similar commercial product around Fort Lauderdale, Florida.
Players
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93