Kushner Companies Secures $127M Loan For Miami Development Site
2000 Biscayne Boulevard, Miami, FL 33137, USA
$127,000,000
$3,644/SF
Building Size
34,848 SF
Asset Type
Development Site
Closing
Oct 6, 2021
AI
2000 Biscayne Boulevard, a development site in Miami, was recently involved in a closed transaction. The property, spanning 0.8 acres, caught the attention of buyers and lenders.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $127,000,000
- Address: 2000 Biscayne Boulevard
- Market: Miami
- Landlord: Kushner Companies - Charles Kushner, Nicole Kushner Meyer & Laurent Morali
- Lender: Valley National Bank & AIG Asset Management
Charles Kushner, Laurent Morali, and Nicole Kushner Meyer of Kushner Companies played a significant role in the transaction. The deal involved a loan from Valley National Bank and AIG Asset Management.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93