Updated Jun 5, 2025
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
About this deal
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.
On the Map
$200,000,000
Development Site
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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