FINANCED
Longpoint Partners Secures $94M Construction Loan For 25 Warehouse Portfolio In Miami-Dade And Broward Counties
400 Goolsby Boulevard
Industrial
Financed 129 days ago
Summary
Loan
FLORIDA
Industrial
Longpoint Partners, a Boston-based private equity firm, has obtained a $94 million construction loan from Athene Annuity and Life Company. This loan follows Longpoint Partners' acquisition of 25 warehouse buildings in Miami-Dade and Broward counties for a total of at least $254 million. The portfolio of industrial properties, spanning 1.39 million square feet, enhances Longpoint's presence in South Florida's robust industrial market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $94,000,000
- Lender: Joseph Cohen - Athene Annuity and Life Company
- Landlord: Dwight Y. Angelini - Longpoint Partners
Longpoint Partners' success in securing this substantial construction loan demonstrates their confidence in the industrial market in Miami-Dade and Broward counties. The strong financial backing of Athene Annuity and Life Company will support Longpoint Partners' plans for these warehouse buildings, allowing for renovations, improvements, and new developments that will further enhance the value of the properties.
Details
FINANCED
IMAGE: Joseph Cohen & Dwight Y. Angelini
DATE: 12/22/2023
ADDRESS: 10565 Northwest 132nd Street, 7813 Northwest 67th Street, 6700 Northwest 77th Court, 1175 Northwest 159th Drive, 5205 Northwest 163rd St, 8115 Northwest 74th Avenue, 1919 Northwest 19th Street, 3520-3560 Northwest 56th Street & 400 Goolsby Boulevard
MARKET: Hialeah Gardens, Miami, Miami Gardens, Medley, Fort Lauderdale & Deerfield Beach
ASSET TYPE: Industrial
LENDER: Joseph Cohen - Athene Annuity and Life Company
LANDLORD: Dwight Y. Angelini - Longpoint Partners (@LongpointRealtyPartners)
LOAN AMOUNT: $94,000,000
LOAN TYPE: Construction Loan
NOTE: Boston-based private equity firm Longpoint Partners secured a $94 million construction loan from Athene Annuity and Life Company after acquiring 25 warehouse buildings in Miami-Dade and Broward counties for at least $254 million. The portfolio, totaling 1.39 million square feet, strengthens Longpoint's presence in South Florida's thriving industrial market.View on map
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Address400 Goolsby Boulevard
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