Deutsche Bank Provides $84M Refinance Loan For Mixed-Use Property On Hollywood Blvd
1818 Hollywood Boulevard, Hollywood, Florida 33020, United States
$84,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 31, 2022
About this deal
AI
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.
On the Map
$84,000,000
Mixed-use
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Players
Hollywood 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93