Hudson Bay Capital Provides $145 Million Refinance Loan For Office Asset In West Palm Beach
222 Lakeview Avenue
$145,000,000
$566/SF
Building Size
256,000 SF
Asset Type
Office
Closing
Feb 24, 2026
About this deal
AI
The asset is an office property located at 222 Lakeview Avenue in West Palm Beach, comprising a total square footage of 256,000. The transaction involved a refinancing loan amount of $145,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $145,000,000
- Lender: Hudson Bay Capital
- Landlord: Related Ross
- Landlord's Representative: Jordan Rathlev - Related Ross
- Broker: Grant Frankel - Eastdil Secured
- Loan Type: Refinance
- Date of Transaction: 02/25/2026
Grant Frankel represented Eastdil Secured in this transaction, facilitating the refinancing process while Jordan Rathlev represented Related Ross as the landlord's representative. Their roles were crucial in negotiating the terms of the loan.
On the Map
$145,000,000
$566/SF
Office
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Players
West Palm Beach 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93