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.
On the Map
$49,000,000
$2,655/SF
Single Family Residence
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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