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Deutsche Bank Provides $117.5M Refinance Loan For Mixed-Use Property On Polk Street In Hollywood

Property Image
FINANCED
$117,500,000

Florida

See Similar Deals
Mixed-use1,143,797 SF
Financed 10/21/2021
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Property Image
FINANCED

Deutsche Bank Provides $117.5M Refinance Loan For Mixed-Use Property On Polk Street In Hollywood

1740 Polk Street, Hollywood, FL, USA

See Similar Deals
Mixed-use1,143,797 SF
Financed 10/21/2021
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$102
Total Square Footage:1,143,797 SF
Transaction Type:Loan

A mixed-use property located at 1740 Polk Street in Hollywood has recently undergone a refinancing transaction. The property, situated in the Hollywood market, features a combination of residential and commercial units.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $117,500,000
  • Address: 1740 Polk Street
  • Market: Hollywood

The loan for this transaction was provided by Deutsche Bank. The refinancing was facilitated by Gold Coast Florida Regional Center, who acts as the landlord for the property. Representing the borrower in this deal were Jay Miller, Spencer Miller, and AJ Felberbaum from BayBridge Real Estate Capital.

This refinancing deal represents a significant financial opportunity for the involved parties. The details of the agreement and the potential benefits it brings to the property are deemed confidential.

Players

Aj Felberbaum
31 deals$2.4B volume(646) 213-7600
BROKER

Jay Miller
BayBridge Real Estate Capital
34 deals$2.6B volume(646) 213-7561
BROKER

Spencer Miller
BayBridge Real Estate Capital
30 deals$2.4B volume
BROKER

Deutsche Bank
LENDER

Details

FINANCED
IMAGE: Spencer Miller, Jay Miller, & AJ Felberbaum DATE: 10/21/2021 ADDRESS: 1740 Polk Street MARKET: Hollywood ASSET TYPE: Mixed-use LENDER: Deutsche Bank LANDLORD: Gold Coast Florida Regional Center BROKERS: Jay Miller, Spencer Miller, AJ Felberbaum - BayBridge Real Estate Capital LOAN AMOUNT: $117,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$117,500,000.00

Monthly NOI$783,333.33
Monthly Debt Service$742,679.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00