Design District’s largest landlord scores $100M loan for six retail buildings
The luxury business is still booming in Miami’s Design District for Craig Robins’ Dacra, L Catterton Real Estate and Brookfield. The partnership, which is the largest landlord in the Design District, added $100 million to an existing $250 million loan secured by six retail properties, including the historic Moore Building at 4040 Northeast Second Avenue, records show. Deutsche Bank provided the financing. “The assets are doing extremely well and under leveraged,” Robins told The Real Deal. “We thought there’d be no harm in increasing our cash position and taking out money that we can deploy if we want to.” An […]This article originally appeared on The Real Deal. Click here to read the full story.
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