Kushner Companies Secures $127M Loan For Miami Development Site
FINANCED
$127,000,000
Florida
See Similar DealsDevelopment Site34,848 SF
Financed 10/06/2021
FINANCED
Kushner Companies Secures $127M Loan For Miami Development Site
2000 Biscayne Boulevard, Miami, FL 33137, USA
See Similar DealsDevelopment Site34,848 SF
Financed 10/06/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$3,644
Total Square Footage:34,848 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$127,000,000.00
Monthly NOI$846,666.67
Monthly Debt Service$802,726.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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