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2000 Biscayne Boulevard, Mi...

Kushner Companies Secures $127M Loan For Miami Development Site
FINANCEDDevelopment Site

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

Valley National Bank
Valley National BankLender

Laurent Morali

Kushner Companies

Landlord

$2.5B

vol

18 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

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93