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Oak Row Equities Secures $210.5 Million Loan From Bank OZK And Canyon Partners For Multifamily Asset

Property Image
FINANCED
$210,500,000
Nick Lavin
Christopher (Chris) Peck
+ 1

Florida

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MultiFamily346,489 SF
Financed 06/05/2025
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Property Image
FINANCED

Oak Row Equities Secures $210.5 Million Loan From Bank OZK And Canyon Partners For Multifamily Asset

401 Northeast 29th Street

See Similar Deals
MultiFamily346,489 SF
Financed 06/05/2025
Nick Lavin
Christopher (Chris) Peck
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$607
Total Square Footage:346,489 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily unit located at 2900 Terrace - 401 NE 29th Street, in the Edgewater market of Miami. The asset comprises 324 units and has a total square footage of 346,489. The loan amount secured for this property is $210,500,000, categorized under full stack financing that includes both senior loan and mezzanine financing.

Summary of transaction details:

The key individuals involved in the transaction include representatives from JLL, specifically Christopher Peck, Brian Gaswirth, Nicco Lupo, and Nick Lavin, who facilitated the loan arrangement on behalf of the landlord, Oak Row Equities. The lenders, Bank OZK and Canyon Partners, played a crucial role in the financial structuring of this deal.

Players

Brian Gaswirth
45 deals$6.3B volume(305) 421-6554
BROKER

Christopher (Chris) Peck
JLL
70 deals$14.6B volume(212) 632-1812
BROKER

Nick Lavin
JLL
10 deals$1.4B volume
BROKER

Nicco Lupo
JLL
47 deals$9B volume
BROKER

JLL
BROKERAGE


Bank OZK
LENDER


Details

FINANCED
IMAGE: Nicco Lupo, Christopher Peck, Brian Gaswirth & Nick Lavin DATE: 06/17/2025 ADDRESS: 2900 Terrace - 401 NE 29th Street MARKET: Edgewater, Miami ASSET TYPE: Multifamily ~ UNITS: 324 ~ SF: 346,489 LENDER: Bank OZK (@BankOZK) & Canyon Partners LANDLORD: Oak Row Equities (@OakRowEquities) BROKERS: Christopher Peck, Brian Gaswirth (@BGassy), Nicco Lupo & Nick Lavin - JLL (@JLL) LOAN AMOUNT: $210,500,000 LOAN TYPE: Full Stack Financing – Senior Loan & Mezzanine Financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$210,500,000.00

Monthly NOI$1,403,333.33
Monthly Debt Service$1,330,503.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00