Deutsche Bank & BHI USA Provides $230M Loan For Miami Beach Hotel
1 Lincoln Rd, Miami Beach, FL 33139, Estados Unidos
$230,000,000
$12,105/SF
Building Size
19,000 SF
Asset Type
Other
Closing
Nov 11, 2020
About this deal
AI
The hotel located at 1 Lincoln Road in Miami Beach has recently undergone a loan transaction. The loan amount of $230,000,000 was provided by Deutsche Bank and BHI USA.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $230,000,000
- Lender: Deutsche Bank & BHI USA
The hotel is owned by Lionstone Group represented by Diego Lowenstein, as well as Flag Luxury Group represented by Paul Kanavos and Dayssi Olarte De Kanavos.
The other loan at 1 Lincoln Rd, Miami Beach, FL 33139, Estados Unidos in Miami Beach, Florida financed for $230M in 2020. The building is 19,000 square feet, implying about 12.1K per square foot on the published price. This page is the Miami Beach, Florida file for the 1 Lincoln Rd, Miami Beach, FL 33139, Estados Unidos other financed: pricing, party profiles, and other closed other comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach other set by closing date to see what else financed near 1 Lincoln Rd, Miami Beach, FL 33139, Estados Unidos around 2020. Published consideration for 1 Lincoln Rd, Miami Beach, FL 33139, Estados Unidos is $230M, dated 2020. Cite this Deutsche Bank & BHI USA Provides $230M Loan For Miami Beach Hotel loan when underwriting similar other product around Miami Beach, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93