Inter Miami CF Secures $450M Construction Loan From JPMorgan Chase For Stadium Development In Miami
1900 Northwest 37th Street
$450,000,000
Building Size
—
Asset Type
Development Site
Closing
Apr 29, 2025
AI
The asset involved in this transaction is a development site located at 1900 Northwest 37th Street in Miami. Inter Miami CF secured a construction loan of $450,000,000 from JPMorgan Chase for the building of a new 25,000-seat stadium at Miami Freedom Park. The development will feature entertainment, retail, and public park space, with plans to open the venue for MLS games in 2026.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $450,000,000
- Lender: Jamie Dimon - JP Morgan Chase
- Landlord: Jorge Mas, Jose Mas & David Beckham - Inter Miami CF
- Market: Miami
This transaction highlights key figures in the deal, including Jamie Dimon from JP Morgan Chase, who acted as the lender. The landlords, Jorge Mas, Jose Mas, and David Beckham, represent the ownership and management of Inter Miami CF in this significant financial undertaking.
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93