Goldman Sachs Provides $50M Loan For Inter Miami CF Stadium In Overtown
650 Northwest 8th Street, Miami, FL, USA
$50,000,000
$272/SF
Building Size
183,524 SF
Asset Type
Other
Closing
Nov 14, 2019
About this deal
AI
The property involved in this closed transaction is a stadium located at 650 NW 8th St in Overtown. The stadium is owned by Inter Miami CF, represented by David Beckham, Marcelo Claure, and Jorge Mas. The loan for this transaction was provided by Goldman Sachs, with a loan amount of $50,000,000.
Summary of transaction details:
- Property Type: Stadium
- Loan Amount: $50,000,000
- Address: 650 NW 8th St
- Market: Overtown
David Beckham, Marcelo Claure, and Jorge Mas, who represent Inter Miami CF, were the key individuals involved in this deal. The loan was facilitated by Goldman Sachs.
On the Map
$50,000,000
$272/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93