Ladder Capital Corp Provides $251.1M Loan For Miami Office Building Acquisition
201 South Biscayne Boulevard, Miami, FL 33131, USA
$251,100,000
$319/SF
Building Size
786,836 SF
Asset Type
Office
Closing
Jul 13, 2020
About this deal
AI
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.
On the Map
$251,100,000
$319/SF
Office
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Players
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93