Moinian Capital Partners Closes $142.5 Million Loan For Mixed-Use Property In Miami
FINANCED
$142,500,000
Florida
See Similar DealsMixed-use70,000 SF
Financed 04/15/2019
FINANCED
Moinian Capital Partners Closes $142.5 Million Loan For Mixed-Use Property In Miami
150 Southwest 7th Street, Miami, FL, USA
See Similar DealsMixed-use70,000 SF
Financed 04/15/2019
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$2,035
Total Square Footage:70,000 SF
Transaction Type:Loan
A mixed-use property located at 150 Northeast 7th Street in Miami's Hudson Yards market has secured a loan worth $142,500,000. The loan, provided by Moinian Capital Partners, consists of a $119 million senior loan and a $23.5 million mezzanine loan. The loan terms include a four-year term with a one-year extension option. The property spans across 70,000 square feet and is owned by Zom Living and The Moinian Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $142,500,000
- Address: 150 Northeast 7th Street, Miami
- Market: Hudson Yards
- Lender: Moinian Capital Partners
- Landlord: Zom Living and The Moinian Group
The deal was facilitated by brokers Robert Given and Robert Kaplan from Cushman & Wakefield. They represented the parties involved in the transaction and played a significant role in securing the loan for the property.
Players
BROKERAGE
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$142,500,000.00
Monthly NOI$950,000.00
Monthly Debt Service$900,696.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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