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.
Recent Posts
North Palm Beach town center redevelopment tied up in lawsuits
Michael Stern sells interest in Miami Beach condos to majority owner Activate Hospitality
SJC sells Whole Foods complex for $83M amid investor appetite for grocery-anchored real estate
Prominent trial attorney finds buyer for waterfront Boca mansion once owned by Sheetz magnate
South Florida’s top deals: OKO, Cain sell Una Brickell penthouse for $18M
Advertising Real Estate-Related Products and Services
FCC Update on Drones with LiDAR Obstacle Avoidance
Appeals Court Quashes Homie Appeal, Delivers NAR VictoryAppeals Court Quashes Homie Appeal, Delivers NAR Victory
RE Q&A: Should I Add My Daughter’s Name to My House Deed to Avoid Probate Costs?
Solar Panels – Questions to Ask Before Contract
