Deutsche Bank Provides $84M Refinance Loan For Mixed-Use Property On Hollywood Blvd
FINANCED
$84,000,000
Florida
See Similar DealsMixed-use
Financed 06/01/2022
FINANCED
Deutsche Bank Provides $84M Refinance Loan For Mixed-Use Property On Hollywood Blvd
1818 Hollywood Boulevard, Hollywood, Florida 33020, United States
See Similar DealsMixed-use
Financed 06/01/2022
Summary
FLORIDA
Asset Type:Mixed-use
Transaction Type:Loan
The mixed-use property located at 1818 Hollywood Blvd in Hollywood has recently undergone a loan refinance transaction. The loan was provided by Deutsche Bank, and the landlord involved in the deal is Gold Coast Florida Regional Center. The property spans over 2 acres and is situated in the Hollywood market.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $84,000,000
- Loan Type: Refinance
- Lender: Deutsche Bank
- Landlord: Gold Coast Florida Regional Center
- Brokers: Jay Miller, Spencer Miller & AJ Felberbaum - BayBridge Real Estate
The lending aspect of the deal was handled by Deutsche Bank, while the landlord, Gold Coast Florida Regional Center, oversaw the entire transaction. BayBridge Real Estate played a crucial role in brokering the deal with their representatives, Jay Miller, Spencer Miller, and AJ Felberbaum.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$84,000,000.00
Monthly NOI$560,000.00
Monthly Debt Service$530,937.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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