FINANCED
JP Morgan Provides $210M Construction Loan For CitizenM Hotel On Lincoln Rd In Miami Beach
1212 Lincoln Road
Hotel
303,000 SF
303,000 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Hotel
303,000 sqft
The property involved in this closed transaction is a hotel located at 1212 Lincoln Rd in Miami Beach. The hotel spans a total area of 303,000 square feet. The transaction took place on 09/15/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $210,000,000
- Address: 1212 Lincoln Rd
- Market: Miami Beach
The lender for this transaction was JP Morgan, represented by Jamie Dimon. The landlord of the property is citizenM, represented by Klaas van Lookeren Campagne. The brokerage team involved in the deal consisted of Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark.
The loan amount for this transaction was $210,000,000, and it was classified as a construction loan.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jamie Dimon, Klaas van Lookeren Campagne, Jordan Roeschlaub, Nick Scribani & Dustin Stolly
DATE: 09/15/2022
ADDRESS: 1212 Lincoln Rd
MARKET: Miami Beach
ASSET TYPE: Hotel ~ SF: 303,000
LENDER: JP Morgan (@JPMorgan) - Jamie Dimon (@JamieDimon_1)
LANDLORD: citizenM - Klaas van Lookeren Campagne
BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly & Nick Scribani (@ScribSays) - Newmark (@Newmark)
LOAN AMOUNT: $210,000,000
LOAN TYPE: ConstructionView on map
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Address1212 Lincoln Road
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