facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Loan

/

2400 Ponce De Leon Boulevard

Westside Capital Group Secures $24.7M Loan to Recapitalize 
Coral Gables Boutique Office Building
FINANCEDOffice

Westside Capital Group Secures $24.7M Loan to Recapitalize Coral Gables Boutique Office Building

2400 Ponce De Leon Boulevard

$24,700,000

$225/SF

Building Size

109,745 SF

Asset Type

Office

Closing

Mar 6, 2026

AI

The property asset involved in this transaction is an office building located at 2400 Ponce De Leon Boulevard, Coral Gables, comprising 109,745 square feet. The property is associated with a loan amount of $24,700,000 and is classified under a refinance loan type with terms spanning five years.

Summary of transaction details:

This deal involves multiple key individuals and companies, including the lender Crestline Investors, and the landlord representation by Jakub Hejl and Jeff Levin from Westside Capital Group. The brokerage team responsible for facilitating the transaction includes Jesse Wright, Matt McCormack, Joshua Odessky, and Patrick Salata from JLL.

Players

Jesse Wright

JLL

Broker

$1.6B

vol

23 deals

Broker
Crestline Investors
Crestline InvestorsLender

Jeff Levine

Westside Capital Group

Landlord

$116.9M

vol

4 deals

Landlord

Miami Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93