JLL Secures $668M Construction Loan For 300 Biscayne Blvd Mixed-use Asset

The asset involved in this transaction is a mixed-use property located at 300 Biscayne Boulevard in Miami, encompassing a total square footage of 853,000. A construction loan of $668,000,000 has been secured for this property, consisting of $425,000,000 provided by Bank OZK as the sole, senior secured lender and $243,000,000 in mezzanine financing from Related Fund Management.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $668,000,000
• Address: 300 Biscayne Boulevard
• Market: Miami
• Lenders: Bank OZK & Related Fund Management
• Landlord: Ryan Shear & Daniel Kaplan - PMG; Greybrook Realty Partners
• Brokers: Christopher Peck, Chris Drew, Brian Gaswirth, Jimmy Calvo & Mateo Bolivar - JLL
• Loan Type: Construction Loan

The transaction involved key individuals and companies, with JLL acting on behalf of the borrowers, Property Markets Group (PMG) and Greybrook Realty Partners, to secure the financing required for the project. The brokers Stephen Peck, Chris Drew, Brian Gaswirth, Jimmy Calvo, and Mateo Bolivar played a crucial role in facilitating the loan from the lenders involved in the deal.