FINANCEDOffice
Robert Rivani And Patrick Khoury Of Black Lion Investment Group Secure $29.5M Loan For Office In Miami Beach
404 Washington Avenue
$29,500,000
Building Size
—
Asset Type
Office
Closing
Jul 30, 2026
AI
The asset involved in this transaction is an office property located at 404 Washington Avenue in Miami Beach. The acquisition loan amount is $29,500,000, which is intended for the purchase of the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $29,500,000
- Lender: BridgeInvest
- Borrower: Robert Rivani & Patrick Khoury - Black Lion Investment Group
- Landlord's Representative: Scott Wadler, Brad Williamson, Michael Basinski, Mitch Sinberg, Matthew Robbins & Jacob Kelly - Berkadia
- Loan Type: Acquisition
The key individuals involved in this transaction include Robert Rivani and Patrick Khoury, who represent Black Lion Investment Group as the borrowers, while the landlord's representation is managed by a team from Berkadia, consisting of Scott Wadler, Brad Williamson, Michael Basinski, Mitch Sinberg, Matthew Robbins, and Jacob Kelly, facilitating the loan acquisition process.
Players
BridgeInvestLender
Miami Beach 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93