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NW 37th Avenue Miami, FL 33125

Ares Management Injects $75M Equity Loan Into Lionel Messi's Inter Miami For Miami Freedom Park
FINANCEDDevelopment Site

Ares Management Injects $75M Equity Loan Into Lionel Messi's Inter Miami For Miami Freedom Park

NW 37th Avenue Miami, FL 33125

$75,000,000

Building Size

Asset Type

Development Site

Closing

Aug 9, 2023

AI

Ares Management, a private equity firm, has injected $75 million in preferred equity into Lionel Messi's Inter Miami soccer club. The loan will be used to aid the construction of the Miami Freedom Park stadium complex and support expansion initiatives. This investment follows Ares' previous $150 million investment in Inter Miami and coincides with the team's growing popularity due to Messi's addition.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $75,000,000
  • Lender: Ares Management
  • Landlord: Inter Miami - Lionel Messi & Jorge Mas
  • Loan Type: Equity
  • Date: 08/09/2023
  • Address: Northwest 37th Avenue - Miami Freedom Park
  • Market: Miami

Ares Management's involvement in the loan transaction further solidifies their support of Inter Miami's development plans in Miami. The injection of $75 million in preferred equity will contribute to the successful completion of the Miami Freedom Park stadium complex. With Lionel Messi's addition to the team, Inter Miami has garnered increased attention and popularity, making this investment all the more significant for the club's future growth.

Players

Jorge Mas

Inter Miami CF

Broker

$966.8M

vol

9 deals

Broker
Jorge Mas

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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93