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222 Lakeview Avenue

Hudson Bay Capital Provides $145 Million Refinance Loan For Office Asset In West Palm Beach
FINANCEDOffice

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

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.

Players

Grant Frankel

Eastdil Secured

Broker

$15.7B

vol

36 deals

Broker
Hudson Bay Capital
Hudson Bay CapitalLender

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