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Bank Of China Loans $340M For Resort In Aventura, Miami

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FINANCED
$340,000,000
Dustin Stolly
Christopher (Chris) Kramer
Jordan (Jordy) Roeschlaub
+ 2

Florida

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FINANCED

Bank Of China Loans $340M For Resort In Aventura, Miami

19999 East Country Club Drive, Aventura, FL, USA

See Similar Deals
Other120,000 SF
Financed
Dustin Stolly
Christopher (Chris) Kramer
Jordan (Jordy) Roeschlaub
+ 2
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$2833
Total Square Footage:120000 SF
Transaction Type:Loan

A $340 million loan has been secured for a resort property located at 19999 W Country Club Drive in Aventura, Miami. The property, spanning 120,000 square feet, is owned by Jeffrey Soffer’s Fontainebleau Development. The loan was provided by the Bank of China, and the transaction took place on June 27, 2019.

Summary of transaction details

  • Property Type: Resort
  • Transaction Amount: $340,000,000
  • Address: 19999 W Country Club Drive
  • Market: Aventura
  • City: Miami
  • Square Footage: 120,000
  • Landlord: Jeffrey Soffer’s Fontainebleau Development
  • Lender: Bank of China
  • Brokers: Jordan Roeschlaub, Dustin Stolly, Chris Kramer, Nick Scribani

Jordan Roeschlaub, Dustin Stolly, Chris Kramer, and Nick Scribani served as the brokers in this transaction for the resort property. Their involvement helped facilitate the loan deal between the Bank of China and Jeffrey Soffer’s Fontainebleau Development.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
253 deals$47.4B volume
BROKER
Nick Scribani
Newmark
Nick Scribani
184 deals$50.1B volume(212) 372-2113
BROKER
Christopher (Chris) Kramer
Newmark
Christopher Kramer
107 deals$21.2B volume(212) 850-5472
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
311 deals$93.1B volume
BROKER
Jeff Soffer
Jeff Soffer
11 deals$2.1B volume
LANDLORD

Details

FINANCED
IMAGE: Jordan Roeschlaub, Dustin Stolly & Nick Scribani DATE: 06/27/2019 ADDRESS: 19999 W Country Club Drive MARKET: Aventura CITY: Miami ASSET TYPE: Resort LENDER: Bank of China LANDLORD: Jeffrey Soffer’s Fontainebleau Development BROKERS: Jordan Roeschlaub, Dustin Stolly, Chris Kramer, Nick Scribani LOAN AMOUNT: $340,000,000 SF: 120,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$340,000,000.00

Monthly NOI$2,266,666.67
Monthly Debt Service$2,149,031.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00