Cirrus Real Estate Partners Provides $100.4M Refinance Loan For Office Property In Palm Beach Gardens

The property asset involved in the transaction is an office building located at 3835 PGA Boulevard in Palm Beach Gardens, featuring a total square footage of 220,000. The loan amount secured for this refinancing transaction is $100,400,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $100,400,000
• Loan Type: Refinance
• Loan Terms: Three-year, floating-rate, interest-only loan
• Lender: Cirrus Real Estate Partners
• Landlord: Isaac Ohebshalom & Babak Ebrahimzadeh - Gatsby Florida
• Brokers: Charles Foschini, Scott Wadler, Shannon Wilson & Matthew Monahemi - Berkadia

The key individuals and companies involved in the deal include the landlord partnership of Isaac Ohebshalom and Babak Ebrahimzadeh, positioned under Gatsby Florida, who are responsible for the management of the property. The brokers facilitating this transaction are Charles Foschini, Scott Wadler, Shannon Wilson, and Matthew Monahemi from Berkadia, highlighting their role in the successful arrangement of the financing.