FINANCED
Moinian Capital Partners Closes $142.5 Million Loan For Mixed-Use Property In Miami
150 Northeast 7th Street
Mixed-use
70,000 SF
70,000 SF
Summary
Loan
FLORIDA
Mixed-use
70,000 sqft
A mixed-use property located at 150 Northeast 7th Street in Miami's Hudson Yards market has secured a loan worth $142,500,000. The loan, provided by Moinian Capital Partners, consists of a $119 million senior loan and a $23.5 million mezzanine loan. The loan terms include a four-year term with a one-year extension option. The property spans across 70,000 square feet and is owned by Zom Living and The Moinian Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $142,500,000
- Address: 150 Northeast 7th Street, Miami
- Market: Hudson Yards
- Lender: Moinian Capital Partners
- Landlord: Zom Living and The Moinian Group
The deal was facilitated by brokers Robert Given and Robert Kaplan from Cushman & Wakefield. They represented the parties involved in the transaction and played a significant role in securing the loan for the property.
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Details
FINANCED
IMAGE: Robert Given and Robert Kaplan
DATE: 04/15/2019
ADDRESS: 150 Northeast 7th Street
MARKET: Hudson Yards
CITY: Miami
ASSET TYPE: Mixed-use
LENDER: Moinian Capital Partners
LANDLORD: Zom Living and The Moinian Group
LOAN TERMS: four-year term with a one-year extension option and comprises a $119 million senior loan and a $23.5.5 million mezzanine loan
BROKERS: Robert Given and Robert Kaplan - Cushman & Wakefield
LOAN AMOUNT: $142,500,000
SF: 70,000View on map
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Address150 Northeast 7th Street
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