Blackstone & Romspen Investment Corporation Provide $335M Loan For Mixed-use Development In Boca Raton
FINANCED
$335,000,000
Florida
See Similar DealsMixed-use304,920 SF
Financed 10/13/2021
FINANCED
Blackstone & Romspen Investment Corporation Provide $335M Loan For Mixed-use Development In Boca Raton
101 East Camino Real, Boca Raton, FL 33432
See Similar DealsMixed-use304,920 SF
Financed 10/13/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$1,098
Total Square Footage:304,920 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$335,000,000.00
Monthly NOI$2,233,333.33
Monthly Debt Service$2,117,427.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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