Updated Nov 12, 2026
DJ Khaled Secures $9 Million Loan From First Horizon Bank For Miami Beach Mansion
4609 Pine Tree Drive
$9,000,000
$692/SF
Building Size
13,000 SF
Asset Type
Single Family
Closing
Nov 12, 2026
About this deal
AI
The asset involved in the transaction is a single-family residence located at 4609 Pine Tree Drive in Miami Beach, FL. The property spans 13,000 square feet and is set on a 1-acre lot along the Indian Creek Waterway. It features five bedrooms, a pool, a home theater, and a four-bedroom guesthouse. DJ Khaled purchased the mansion for $21.8 million in 2018 and secured a $9 million mortgage from First Horizon Bank for this property.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,000,000
- Address: 4609 Pine Tree Drive
- Market: Miami Beach, FL
- Landlord: DJ Khaled
- Lender: First Horizon Bank
The key individuals involved in the deal are DJ Khaled, who is the landlord, and First Horizon Bank, which provided the financing for the mortgage. This transaction was finalized on November 12, 2026, highlighting an essential financial step for Khaled regarding his property assets.
On the Map
$9,000,000
$692/SF
Single Family
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Players
Troy Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93