Blackstone Provides $135M Loan For Wynwood Office Building
FINANCED
$135,000,000
Florida
See Similar DealsOffice324,340 SF
Financed 01/06/2022
FINANCED
Blackstone Provides $135M Loan For Wynwood Office Building
545 Northwest 26th Street, Miami, FL 33127
See Similar DealsOffice324,340 SF
Financed 01/06/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$416
Total Square Footage:324,340 SF
Transaction Type:Loan
Located at 545 NW 26th Street in Wynwood, Miami, this office property covers an area of 324,340 square feet. The transaction took place on January 6, 2022. The loan amount for this property was $135,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $135,000,000
- Lender: blackstone''>Blackstone - Stephen A. Schwarzman
- Landlord: Sterling Bay - Andy Gloor
In this deal, the lender for the loan was Blackstone, represented by Stephen A. Schwarzman. The landlord of the property was Sterling Bay, represented by Andy Gloor.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$135,000,000.00
Monthly NOI$900,000.00
Monthly Debt Service$853,291.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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