Miami's 830 Brickell Plaza Secures $57M Construction Loan For Office Tower

The property asset involved is located at 830 Brickell Plaza in Miami. It is an office tower that consists of 57 stories and is fully leased. The total amount of the construction loan is $57 million, which brings the cumulative financing for the project to $357 million. The project is situated in Miami's financial district and is expected to be completed this year, attracting high-profile tenants such as Citadel and Microsoft.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $57,000,000
• Lender: MSD Partners - Michael Dell
• Landlord: Oko Group & Cain International

This transaction showcases the collaboration between MSD Partners, represented by Michael Dell, and the landlords Oko Group and Cain International. Their joint efforts have facilitated the substantial construction loan, reflecting confidence in the high-demand office space in the area, bolstered by the presence of reputable tenants.