Banyan Street Capital And Independencia Asset Management Secured $53.5 Million Refinance Loan In Doral

Doral Center is a two-building office complex located at Doral Boulevard & Northwest 87th Avenue in Doral, Florida. The property recently underwent $15.5 million in capital improvements, increasing its occupancy from 30% in 2021 to 85%. The refinancing loan secured for the property amounts to $53,500,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $53,500,000
• Lender: Wells Fargo
• Landlord: Rudy Prio Touzet - Banyan Street Capital; Claudio Zichy - Independencia Asset Management
• Brokers: Amy Julian & Andrew Chilgren - CBRE
• Loan Type: Refinance

The deal was facilitated by brokers Amy Julian and Andrew Chilgren from CBRE, who played a pivotal role in arranging the refinancing loan. Their expertise contributed to securing financing for the landlords, Rudy Prio Touzet of Banyan Street Capital and Claudio Zichy of Independencia Asset Management.