Related Companies Secures $210M Loan For Office Building In West Palm Beach
360 South Rosemary Avenue, West Palm Beach, Florida 33401, United States
$210,000,000
Building Size
—
Asset Type
Office
Closing
Jan 27, 2022
About this deal
AI
The property involved in this transaction is an office located at 360 Rosemary Ave in West Palm Beach. The deal closed on 01/27/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $210,000,000
- Address: 360 Rosemary Ave, West Palm Beach
- Market: West Palm Beach
The lender for this deal was Bank of Montreal, while the landlord was Related Companies. The loan amount for this transaction was $210,000,000.
Jeff Blau and Stephen Ross were the individuals pictured in the accompanying image.
Players
West Palm Beach Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93