Sterling Organization And NADG Secure $63 Million Refinance Loan From Blackstone For Retail Asset In Miami

The asset involved in this transaction is a retail property located at 7795 West Flagler Street in Miami. The property has a total square footage of 666,238 and is part of the retail market. The loan amount associated with this property is $63,000,000, and it is categorized as a refinance loan.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $63,000,000
• Address: 7795 West Flagler Street
• Market: Miami
• Asset Size: 666,238 SF
• Lender: Blackstone
• Landlord: Sterling Organization, NADG
• Brokers: Chris Drew, Michael DiCosimo & Shane Ciacci - JLL
• Loan Type: Refinance

The transaction features key individuals and organizations involved in the loan process. Blackstone acted as the lender, while Sterling Organization and NADG served as the landlords for the retail property. The brokerage services for the deal were provided by Chris Drew, Michael DiCosimo, and Shane Ciacci, representing JLL, who facilitated the refinancing of the property.