Fortress Investment Provides $112M Loan For Office Property In Dania Beach
FINANCED
$112,000,000
Florida
See Similar DealsOffice782,986 SF
Financed 01/14/2020
FINANCED
Fortress Investment Provides $112M Loan For Office Property In Dania Beach
1855 Griffin Road, Dania, FL 33004, USA
See Similar DealsOffice782,986 SF
Financed 01/14/2020
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$143
Total Square Footage:782,986 SF
Transaction Type:Loan
Located at 1855 Griffin Road in Dania Beach, this office property was involved in a recent transaction. The property spans over 782,986 square feet and is owned by Cohen Brothers Realty, represented by Charles S. Cohen. The loan for this deal was provided by Fortress Investment, with Peter L. Briger serving as the lender.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $112,000,000
- Address: 1855 Griffin Road
- Market: Dania Beach
The key individuals involved in this transaction are Peter L. Briger from Fortress Investment, who acted as the lender, and Charles S. Cohen from Cohen Brothers Realty, who represented the landlord. They facilitated the deal for this office property in Dania Beach.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$112,000,000.00
Monthly NOI$746,666.67
Monthly Debt Service$707,916.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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