Berkadia Secures $90 Million Refinance Loan For Mixed-use Property In Boca Raton
6600 North Military Trail
$90,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 4, 2025
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 6600 North Military Trail in Boca Raton. The transaction includes a refinance loan amounting to $90,000,000, structured as a five-year floating-rate loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $90,000,000
- Lender: City National Bank & Abanca
- Landlord: BH Group & Pebb Enterprises
- Brokers: Scott Wadler, Mitch Sinberg, Brad Williamson, Matthew Robbins & Michael Basinski - Berkadia
The broker representatives involved in this deal include Scott Wadler, Mitch Sinberg, Brad Williamson, Matthew Robbins, and Michael Basinski, all affiliated with Berkadia. These professionals played a crucial role in facilitating the refinance transaction for the landlords, BH Group and Pebb Enterprises.
Players
Boca Raton 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93