Goldman Sachs Provides $51.5 Million Refinance Loan For Office Asset In Miami
9150 South Dadeland Boulevard
$51,500,000
$212/SF
Building Size
242,598 SF
Asset Type
Office
Closing
Apr 15, 2025
AI
The property involved in this transaction is an office asset located at 9150 & 9155 South Dadeland Boulevard in the Miami market. It encompasses a total square footage of 242,598 and is associated with a loan amount of $51,500,000 for refinancing purposes.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $51,500,000
- Lender: Goldman Sachs
- Landlord: James Bernstein - The Green Companies
- Brokers: Paul Stasaitis & Shane Ciacci - JLL
This transaction features James Bernstein, representing The Green Companies as the landlord, and Goldman Sachs as the lender. The brokers facilitating the deal are Paul Stasaitis and Shane Ciacci from JLL, emphasizing the collaborative efforts of these key individuals in securing the refinance for the office property.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93