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PEBB Enterprises Secures $35 Million Refinance From Citibank For Boca Raton Office Properties
FINANCED
Florida
See Similar DealsOffice333,352 SF
Financed 03/16/2026
FINANCED
PEBB Enterprises Secures $35 Million Refinance From Citibank For Boca Raton Office Properties
7900 Glades Road & 5900 Broken Sound Parkway Northwest
See Similar DealsOffice333,352 SF
Financed 03/16/2026
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$105
Total Square Footage:333,352 SF
Transaction Type:Loan
PEBB Enterprises secured a refinancing for two office properties located at 7900 Glades Road and 5900 Broken Sound Parkway in Boca Raton, totaling approximately 166,676 square feet. The refinancing amount achieved was $35,000,000 from Citibank, N.A.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,000,000
- Lender: Citibank
- Landlord: Ian Weiner - PEBB Enterprises
- Brokers: Christopher Staller & Donny Schreiber - Nelson Mullins
Christopher Staller and Donny Schreiber from Nelson Mullins represented PEBB Enterprises in the transaction, facilitating the refinancing process for the office assets in the Boca Raton market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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