Florida East Coast Realty Secures $419.6M Refinance For Panorama Tower In Miami
1100 Brickell Bay Drive
$419,600,000
Building Size
—
Asset Type
Office
Closing
Feb 15, 2024
About this deal
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Summary of transation details
- Property Type: Office
- Transaction Amount: $419,600,000
- Address: 1100 Brickell Bay Drive, Miami
- Market: Miami
- Lender: Greystone Commercial Capital
- Landlord: Tibor Hollo, Wayne Hollo & Jerome Hollo - Florida East Coast Realty
- Broker: Kerry Rosenthal - Rosenthal Rosenthal Rasco
- Loan Type: Refinance
- Loan Terms: 5 year term and a 35-year amortization
The office loan at 1100 Brickell Bay Drive in Miami, Florida financed for $419.6M in 2024. 1100 Brickell Bay Drive is classified as Office on Traded. Kerry Rosenthal, Greystone appear on the loan alongside Greystone. This page is the Miami, Florida file for the 1100 Brickell Bay Drive office financed: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else financed near 1100 Brickell Bay Drive around 2024. Published consideration for 1100 Brickell Bay Drive is $419.6M, dated 2024. Cite this Florida East Coast Realty Secures $419.6M Refinance For Panorama Tower In Miami loan when underwriting similar office product around Miami, Florida.
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Miami Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93