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Miami Design District Secures $350 Million Refinance From Deutsche Bank With Landlords Craig Robins DACRA, J. Michael Chu And Scott Dahnke L Catterton, Brian Kingston Brookfield Properties

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FINANCED
$350,000,000
CR
Brian Kingston

Florida

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Retail179,418 SF
Financed
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Property Image
FINANCED

Miami Design District Secures $350 Million Refinance From Deutsche Bank With Landlords Craig Robins DACRA, J. Michael Chu And Scott Dahnke L Catterton, Brian Kingston Brookfield Properties

151 Northeast 41st Street

See Similar Deals
Retail179,418 SF
Financed
CR
Brian Kingston
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1950
Total Square Footage:179418 SF
Transaction Type:Loan

The asset involved is a retail property located at 151 Northeast 41st Street in the Miami market, featuring a total square footage of 179,418. The owners secured a refinance loan amounting to $350 million, which adds $100 million to an existing $250 million loan for the redevelopment of Paradise Plaza and adjacent luxury retail spaces.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $350,000,000
  • Lender: Deutsche Bank
  • Landlord: Craig Robins - DACRA
  • Landlord: J. Michael Chu & Scott Dahnke - L Catterton
  • Landlord: Brian Kingston - Brookfield Properties

The transaction includes a diverse group of borrowers including Dacra, L Catterton, and Brookfield Properties. The retail space accommodates a variety of high-end tenants, featuring a mix of Michelin-starred restaurants and luxury fashion brands, including Gucci, Balenciaga, and Christian Louboutin.

Players

Deutsche Bank
Deutsche Bank
LENDER
CR
Craig Robins
5 deals$519.8M volume
LANDLORD

Details

FINANCED
IMAGE: J. Michael Chu, Brian Kingston, Scott Dahnke & Craig Robins DATE: 12/29/2025 ADDRESS: 151 Northeast 41st Street MARKET: Miami ASSET TYPE: Retail ~ SF: 179,418 LENDER: Deutsche Bank (@DeutscheBank) LANDLORD: Craig Robins (@CraigRobins) - DACRA; J. Michael Chu & Scott Dahnke - L Catterton; Brian Kingston - Brookfield Properties (@BrookfieldProperties) LOAN AMOUNT: $350,000,000 LOAN TYPE: Refinance NOTE: The owners of the Miami Design District secured a $350 million refinance from Deutsche Bank, adding $100 million to an existing $250 million loan to cover Paradise Plaza and nearby luxury retail spaces. Borrowers include Dacra, L Catterton, and Brookfield Properties, with tenants ranging from Michelin-starred restaurants to high-end fashion brands like Gucci, Balenciaga, and Christian Louboutin.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$350,000,000.00

Monthly NOI$2,333,333.33
Monthly Debt Service$2,212,238.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00