Kwasi Benneh Of Morgan Stanley Secures $327M Refinance Loan For Medical Office Portfolio In Boynton Beach
$327,000,000
$233/SF
Building Size
1,400,000 SF
Asset Type
Office
Closing
Sep 22, 2025
About this deal
AI
The Medical Office Portfolio located in Boynton Beach, FL encompasses an impressive 1,400,000 square feet of medical office space. A refinance loan of $327,000,000 has been secured for this asset.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $327,000,000
- Lender: Kwasi Benneh - Morgan Stanley
- Lender: Debbie Harmon - Artemis
- Landlord: Fawaz Al-Mubaraki - Wafra
- Landlord: Shankh Mitra - Welltower
- Landlord's Representative: Jordan Roeschlaub - Newmark
- Landlord's Representative: Nick Scribani - Newmark
- Landlord's Representative: John Caraviello - Newmark
- Loan Type: Refinance
This transaction involved key players such as Fawaz Al-Mubaraki and Shankh Mitra representing the landlords, while Jordan Roeschlaub, Nick Scribani, and John Caraviello acted as the landlord's representatives in the deal.
Players
Market 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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93