Related Fund Management Provides $110M Loan For Mixed-Use Development On Biscayne Boulevard In Miami
2600 Biscayne Boulevard, Miami, Florida 33138, United States
$110,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 12, 2022
About this deal
AI
A mixed-use development located at 2600 Biscayne Boulevard in Miami has recently secured a loan worth $110,000,000. The property showcases a blend of residential and commercial spaces, offering a versatile environment for residents and businesses alike. The transaction took place on 07/13/2022.
Summary of transaction details
- Property Type: Mixed-Use Development
- Transaction Amount: $110,000,000
- Address: 2600 Biscayne Boulevard, Miami
- Market: Miami
Dustin Stolly and Jordan Roeschlaub from Newmark represented the buyer and borrower in this deal. The loan was provided by Related Fund Management. With their expertise in the field, the brokers played a pivotal role in facilitating the transaction and ensuring a successful outcome.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse Florida mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93