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1900 Northwest 37th Street

Inter Miami CF Secures $450M Construction Loan From JPMorgan Chase For Stadium Development In Miami
FINANCEDDevelopment Site

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

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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93