MetLife, MDM score $79M refi for downtown Miami’s JW Marriott Marquis
MetLife Investment Management and MDM Group scored a $79.3 million refinancing for their 357-key JW Marriott Marquis Miami. Madison Newbond, a hospitality financing arm of Madison Realty Capital and Newbond Holdings, provided the loan for the 41-story hotel at 255 Biscayne Boulevard Way in downtown Miami, according to news releases from the lender and the borrowers’ broker. The floating rate loan has a three-year term. Paul Stasaitis and Kevin Davis were part of the JLL team that represented the borrowers. The loan refinances a $77.7 million loan provided by Minneapolis, Minnesota-based global investment firm Värde Partners, records show. In 2017, […]This article originally appeared on The Real Deal. Click here to read the full story.
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