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Ladder Capital Corp Provides $251.1M Loan For Miami Office Building Acquisition

Property Image
FINANCED
$251,100,000

Florida

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Office786,836 SF
Financed 07/13/2020
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Property Image
FINANCED

Ladder Capital Corp Provides $251.1M Loan For Miami Office Building Acquisition

201 South Biscayne Boulevard, Miami, FL 33131, USA

See Similar Deals
Office786,836 SF
Financed 07/13/2020
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$319
Total Square Footage:786,836 SF
Transaction Type:Loan

The property involved in this closed transaction is an office located at 201 South Biscayne Blvd in Miami. The transaction took place on July 13, 2021, and the asset spans a total of 786,836 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $251,100,000
  • Market: Miami
  • Lender: Ladder Capital Corp
  • Landlord: Monarch Alternative Capital - Andrew Herenstein

Andrew Herenstein represented Monarch Alternative Capital as the landlord in this deal. The lender for this transaction was Ladder Capital Corp.

Players

Ladder Capital
Ladder Capital
LENDER
Monarch Alternative Capital
Monarch Alternative Capital
LANDLORD

Details

FINANCED
IMAGE: Andrew Herenstein DATE: 07/13/2021 ADDRESS: 201 South Biscayne Blvd MARKET: Miami ASSET TYPE: Office LENDER: Ladder Capital Corp LANDLORD: Monarch Alternative Capital - Andrew Herenstein LOAN AMOUNT: $251,100,000 SF: 786,836

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$251,100,000.00

Monthly NOI$1,674,000.00
Monthly Debt Service$1,587,122.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00