Inter Miami CF Secures $200 Million Senior Term Loan From JP Morgan Chase For Miami Freedom Park
1400 Northwest 37th Avenue
$200,000,000
Building Size
—
Asset Type
Development Site
Closing
Apr 30, 2025
AI
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
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93