FINANCEDOffice
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
AI
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
Players
GreystoneLender
Miami Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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