Blackstone & Romspen Investment Corporation Provide $335M Loan For Mixed-use Development In Boca Raton
101 East Camino Real, Boca Raton, FL 33432
$335,000,000
$1,098/SF
Building Size
304,920 SF
Asset Type
Mixed-use
Closing
Oct 13, 2021
AI
A mixed-use development located at 105 East Camino Real & 101 Via Mizner in Boca Raton was involved in a recent transaction.
Summary of transaction details:
- Property Type: Mixed-use Development
- Transaction Amount: $335,000,000
- Market: Boca Raton
- Acres: 7
- Address: 105 East Camino Real & 101 Via Mizner
The lender in this transaction was blackstone''>Blackstone & Romspen Investment Corporation. The landlord involved in the deal was Penn-Florida Companies represented by David Warne & Mark Gensheimer.
Players
Boca Raton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93