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Cooper Horowitz Facilitates $419.6M Panorama Tower Refinance In Miami

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FINANCED
$419,600,000

Florida

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Office
Financed 02/15/2024
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FINANCED

Cooper Horowitz Facilitates $419.6M Panorama Tower Refinance In Miami

1100 Brickell Bay Drive

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Office
Financed 02/15/2024
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Summary

FLORIDA
Asset Type:Office
Transaction Type:Loan

Panorama Tower, located at 1100 Brickell Bay Drive in Miami, FL, is a mixed-use property that consists of 821 apartments, a 208-key Hyatt Centric Hotel, 112,700 square feet of offices, 25,200 square feet of retail space, and a 2,000-space garage. With a height of 868 feet, it stands as the tallest residential tower on the Eastern Seaboard south of New York.

Summary of transaction details:

Bruce Marcus from Cooper Horowitz represented the parties involved in securing the $419,600,000 refinance loan for the Panorama Tower. For further details on the transaction, inquiries can be directed to [email protected].

Players

BM
1 deal$419.6M volume(212) 986-8400
BROKER

Details

FINANCED
IMAGE: 02/15/2024 ADDRESS: 1100 Brickell Bay Drive MARKET: Miami, FL ASSET TYPE: Mixed-use BROKER: Bruce Marcus - Cooper Horowitz (@CooperHorowitz) LOAN AMOUNT: $419,600,000 LOAN TYPE: Refinance NOTE FROM BROKER: Panorama Tower consists of 821 apartments, a 208-key Hyatt Centric Hotel, 112,700 square feet of offices, 25,200 square feet of retail, and a 2,000-space garage. At 868 feet in height, the building is considered the tallest residential tower on the Eastern Seaboard south of New York. For further information reach out to [email protected].

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$419,600,000.00

Monthly NOI$2,797,333.33
Monthly Debt Service$2,652,157.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00