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
About this deal
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.
The mixed use loan at 101 East Camino Real, Boca Raton, FL 33432 in Boca Raton, Florida financed for $335M in 2021. The building is 304,920 square feet, implying about 1.1K per square foot on the published price. Named participants on the 101 East Camino Real, Boca Raton, FL 33432 loan are Mark A. Gensheimer. This page is the Boca Raton, Florida file for the 101 East Camino Real, Boca Raton, FL 33432 mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Boca Raton sit in the Market section below. Filter that Boca Raton mixed use set by closing date to see what else financed near 101 East Camino Real, Boca Raton, FL 33432 around 2021. Published consideration for 101 East Camino Real, Boca Raton, FL 33432 is $335M, dated 2021. Cite this Blackstone & Romspen Investment Corporation Provide $335M Loan For Mixed-use Development In Boca Raton loan when underwriting similar mixed use product around Boca Raton, Florida.
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