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Inter Miami CF Secures $200 Million Senior Term Loan From JP Morgan Chase For Miami Freedom Park
FINANCED
$200,000,000
Florida
See Similar DealsDevelopment Site
Financed 04/30/2025
FINANCED
Inter Miami CF Secures $200 Million Senior Term Loan From JP Morgan Chase For Miami Freedom Park
1400 Northwest 37th Avenue
See Similar DealsDevelopment Site
Financed 04/30/2025
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 1400 Northwest 37th Avenue in the Miami market. The transaction features a loan amount of $200,000,000 intended for refinancing existing debt and funding operations related to the Miami Freedom Park project.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $200,000,000
- Lender: Jamie Dimon - JP Morgan Chase
- Landlord: Jorge Mas, Jose Mas & David Beckham - Inter Miami CF
This loan is part of a broader $650M financing package led by JP Morgan Chase to support the ongoing initiatives associated with Inter Miami CF, involving its key stakeholders in the investment process.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$200,000,000.00
Monthly NOI$1,333,333.33
Monthly Debt Service$1,264,136.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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