JP Morgan Provides $210M Construction Loan For CitizenM Hotel On Lincoln Rd In Miami Beach

The property involved in this closed transaction is a hotel located at 1212 Lincoln Rd in Miami Beach. The hotel spans a total area of 303,000 square feet. The transaction took place on 09/15/2022.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $210,000,000
• Address: 1212 Lincoln Rd
• Market: Miami Beach

The lender for this transaction was JP Morgan, represented by Jamie Dimon. The landlord of the property is citizenM, represented by Klaas van Lookeren Campagne. The brokerage team involved in the deal consisted of Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark.

The loan amount for this transaction was $210,000,000, and it was classified as a construction loan.