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$13M Refinance Loan Secured For Miami Office Building On South Biscayne Boulevard

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FINANCED
$13,000,000

Florida

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Office
Financed 12/22/2023
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FINANCED

$13M Refinance Loan Secured For Miami Office Building On South Biscayne Boulevard

315 South Biscayne Boulevard

See Similar Deals
Office
Financed 12/22/2023
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Summary

FLORIDA
Asset Type:Office
Transaction Type:Loan

The recently completed closed transaction involves a commercial property located at 315 South Biscayne Boulevard in Miami. This office asset, owned by Gildenson Real Estate LLC and represented by Eduardo Gildenson, has undergone a refinancing process through a loan provided by Ricardo Loor from International Preferred Banking. The loan amount for this transaction was $13,000,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,000,000
  • Lender: Ricardo Loor - International Preferred Banking
  • Landlord: Gildenson Real Estate LLC - Eduardo Gildenson

Ricardo Loor from International Preferred Banking has facilitated the refinancing of this office property. International Finance Bank, of which International Preferred Banking is a part, proudly operates as an Equal Housing Lender and is a Member of the Federal Deposit Insurance Corporation.

Players

Eduardo Gildenson
3 deals$13M volume(972) 770-4400
BROKER

LENDER

Details

FINANCED
IMAGE: Ricardo Loor DATE: 12/22/2023 ADDRESS: 315 South Biscayne Boulevard MARKET: Miami ASSET TYPE: Office LENDER: Ricardo Loor - International Preferred Banking (@InternationalFinanceBank) LANDLORD: Gildenson Real Estate LLC - Eduardo Gildenson LOAN AMOUNT: $13,000,000 LOAN TYPE: Refinance NOTE FROM LENDER: International Finance Bank is an Equal Housing Lender and Member of the Federal Deposit Insurance Corporation.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,000,000.00

Monthly NOI$86,666.67
Monthly Debt Service$82,168.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00