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Inter Miami CF Secures $450M Construction Loan From JPMorgan Chase For Stadium Development In Miami
FINANCED
$450,000,000
Florida
See Similar DealsDevelopment Site
Financed 04/29/2025
FINANCED
Inter Miami CF Secures $450M Construction Loan From JPMorgan Chase For Stadium Development In Miami
1900 Northwest 37th Street
See Similar DealsDevelopment Site
Financed 04/29/2025
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
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
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$450,000,000.00
Monthly NOI$3,000,000.00
Monthly Debt Service$2,844,306.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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