Brian Cohen & Angelo Gordon Secure $65M Bridge Loan For Miami, Texas, And North Carolina Package Deal
FINANCED
$65,000,000
National
See Similar DealsPackage Deal1 SF
Financed 04/26/2023
FINANCED
Brian Cohen & Angelo Gordon Secure $65M Bridge Loan For Miami, Texas, And North Carolina Package Deal
Package Deal1 SF
Financed 04/26/2023
Summary
Asset Type:Package Deal
Price Per Square Foot:$65,000,000
Total Square Footage:1 SF
Transaction Type:Loan
The package deal transaction involving Brian Cohen and Angelo Gordon has closed in Miami, Texas, and North Carolina. The loan amount for this deal was $65,000,000, and it was a bridge loan with non-recourse terms.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $65,000,000
- Loan Type: Bridge Loan
- Loan Terms: Non-recourse
- Landlord: Brian Cohen & Angelo Gordon
Brian Cohen and Angelo Gordon represented themselves as the landlords in this deal. They successfully secured a $65,000,000 bridge loan with non-recourse terms. This transaction involved properties located in Miami, Texas, and North Carolina.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$65,000,000.00
Monthly NOI$433,333.33
Monthly Debt Service$410,844.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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