Genting Americas Secures $500 Million Refinance From Wells Fargo For Mixed-Use Omni Center
1645 Biscayne Boulevard
$500,000,000
$333/SF
Building Size
1,500,000 SF
Asset Type
Mixed-use
Closing
Oct 21, 2026
About this deal
AI
The property asset involved is a mixed-use development located at 1501 & 645 Biscayne Boulevard in Miami, FL. This asset encompasses a total square footage of 1,500,000 and includes a variety of functional spaces such as office areas and a 527-room hotel, specifically a Hilton. The current transaction involves a refinance amounting to $500,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $500,000,000
- Address: 1501 & 645 Biscayne Boulevard
- Market: Miami, FL
- Landlord: Robert DeSalvio - Genting Americas
- Lender: Wells Fargo
- Loan Type: Refinance
The refinancing was orchestrated by Genting Americas, which sought to secure the loan from a lender group led by Wells Fargo. This transaction follows a previous attempt to sell a neighboring 15-acre waterfront site, which was abandoned due to financing complications, leaving the land mostly unutilized.
On the Map
$500,000,000
$333/SF
Mixed-use
View full map
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Genting Americas Inc. to view all their deals.
Browse Miami mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93