Updated Mar 9, 2026
JP Morgan Chase Bank Provides $64.5M Loan For Coral Gables Development Site
125 South Dixie Highway, Coral Gables, FL, USA
$64,500,000
$129/SF
Building Size
500,000 SF
Asset Type
Development Site
Closing
May 28, 2020
About this deal
AI
The development site located at 125, 155 & 163 South Dixie Highway in Coral Gables has recently secured a loan of $64,500,000. The property spans 500,000 square feet and covers an area of 2 acres. The lender for this transaction is JP Morgan Chase Bank, represented by Jamie Dimon. The Collection, owned by Ken Gorin and Ugo Colombo, serves as the landlord in this deal.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $64,500,000
- Address: 125, 155 & 163 South Dixie Highway, Coral Gables
- Market: Coral Gables
- Lender: JP Morgan Chase Bank - Jamie Dimon
- Landlord: The Collection - Ken Gorin & Ugo Colombo
- Square Footage: 500,000
- Acres: 2
Notable individuals involved in this deal include Jamie Dimon, representing JP Morgan Chase Bank as the lender, and Ken Gorin and Ugo Colombo, who own The Collection and act as the landlords for the property. The acquisition of this development site in Coral Gables marks a significant milestone for the involved parties and contributes to the dynamic real estate market in the area.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93