Barclays Capital Provides $21.5M Refinance Loan For Miami Office Property
12000 Biscayne Boulevard, Miami, Florida 33181, United States
$21,500,000
$138/SF
Building Size
155,069 SF
Asset Type
Office
Closing
Jan 7, 2022
About this deal
AI
Barclays Capital provided a $21,500,000 loan to refinance the office property located at 12000 Biscayne Boulevard in Miami, FL. The property spans approximately 155,069 square feet and is in the office asset category.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,500,000
- Address: 12000 Biscayne Boulevard, Miami, FL
- Market: Miami, FL
- Lender: Barclays Capital
- BROKERS: Richard Horowitz & Justin Horowitz - Cooper Horowitz LLC
- Loan Type: Refinance
Richard Horowitz and Justin Horowitz from Cooper Horowitz LLC represented the parties involved in the loan transaction.
Players
North 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93