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1400 Northwest 37th Avenue

Inter Miami CF Secures $200 Million Senior Term Loan From JP Morgan Chase For Miami Freedom Park
FINANCEDDevelopment Site

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

J.P. Morgan Chase
J.P. Morgan ChaseLender

Jorge Mas

Inter Miami CF

Landlord

$966.8M

vol

9 deals

Landlord

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