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Fontainebleau Development Secures $1.175B Fixed-Rate Loan For Miami Beach Hotel

4441 Collins Avenue
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This Hotel property located in FL received a loan of $1,175,000,000 over 4 years ago. The brokers of the deal were Dustin Stolly and Jordan (Jordy) Roeschlaub

4441 Collins Avenue in Miami Beach has recently been involved in a closed property transaction. This transaction was in the hotel asset category, and it took place on November 11, 2019.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $1,175,000,000
  • Loan Terms: Fixed-rate
  • Units: 1,600

The lenders involved in this transaction were Goldman Sachs, Morgan Stanley, and JP Morgan. The landlord in this deal was Fontainebleau Development. The brokers who facilitated the transaction were Dustin Stolly and Jordan Roeschlaub from Newmark Knight Frank.

It's important to note that the loan provided for this transaction totaled $1,175,000,000. The property is comprised of 1,600 individual units.

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Deals
  • Location
    4441 Collins Avenue4441 Collins Avenue
  • Loan Value
    $1,175,000,000$1,175,000,000
  • Asset Type
    HotelHotel
  • Parties
    2 Brokers, 1 Agency, 2 Lenders2 Brokers, 1 Agency, 2 Lenders

Agents

Dustin Stolly

Dustin Stolly

Deals215
Financed$37.1B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals192
Financed$34.2B

Agency

Newmark

Newmark

Agency
Deals3783
Volume$392.3B

Goldman Sachs

Goldman Sachs

Lender
Deals81
Volume$ 1.2T

Morgan Stanley

Morgan Stanley

Lender
Deals67
Volume$ 376.7B

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Deal Summary

LOAN IMAGE: Jeffrey Soffer, Jordan Roeschlaub & Dustin Stolly DATE: 11/11/2019 ADDRESS: 4441 Collins Avenue MARKET: Miami Beach ASSET TYPE: Hotel LENDERS: Goldman Sachs, Morgan Stanley, JP Morgan LANDLORD: Fontainebleau Development BROKERS: Dustin Stolly, Jordan Roeschlaub - Newmark Knight Frank LOAN AMOUNT: $1,175,000,000 LOAN TERMS: fixed-rate UNITS: 1,600

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4441 Collins Avenue

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