Updated May 12, 2025
Citibank Provides $49M Loan To Ken Griffin's Palm Beach SFR At 60 Blossom Way
60 Blossom Way, Palm Beach, FL, USA
$49,000,000
$2,655/SF
Building Size
18,452 SF
Asset Type
Single Family Residence
Closing
Apr 15, 2020
About this deal
AI
The property asset involved in the transaction is a single-family residence located at 60 Blossom Way in Palm Beach. The asset has a total square footage of 18,452 and secured a loan amount of $49,000,000.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $49,000,000
- Address: 60 Blossom Way
- Market: Palm Beach
- Lender: Citibank
- Landlord: Providencia Partners - Ken Griffin
The key individuals involved in the deal include Ken Griffin, who is associated with Providencia Partners, representing the landlord in this transaction.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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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