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:
- Property Type: Office
- Transaction Amount: $24,700,000
- Loan Type: Refinance
- Loan Terms: Five years
- Lender: Crestline Investors
- Landlord: Jakub Hejl & Jeff Levin - Westside Capital Group
- Brokers: Jesse Wright, Matt McCormack, Joshua Odessky & Patrick Salata - JLL
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
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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93