Related Fund Management Provides $110M Loan For Mixed-Use Development On Biscayne Boulevard In Miami
FINANCED
$110,000,000
Florida
See Similar DealsMixed-use
Financed 07/13/2022
FINANCED
Related Fund Management Provides $110M Loan For Mixed-Use Development On Biscayne Boulevard In Miami
2600 Biscayne Boulevard, Miami, Florida 33138, United States
See Similar DealsMixed-use
Financed 07/13/2022
Summary
FLORIDA
Asset Type:Mixed-use
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$110,000,000.00
Monthly NOI$733,333.33
Monthly Debt Service$695,274.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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