Brian Cohen & Angelo Gordon Secure $65M Bridge Loan For Miami, Texas, And North Carolina Package Deal
$65,000,000
$65,000,000/SF
Building Size
1 SF
Asset Type
Package Deal
Closing
Apr 26, 2023
AI
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.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93