MIAMI-Jones Lang LaSalle is marketing senior A bank notes secured by a first mortgage loan on Omni Center and Hilton Miami Downtown. The notes have a principal balance of $160 million.
JLL is working on behalf of Capmark Bank, a subsidiary of Capmark Financial Group, the Delaware-based bankrupt commercial lender. Capmark Financial Group filed for Chapter 11 bankruptcy in October 2009 with $21 billion in debt—but that filing did not include Capmark Bank.
The Omni Center and Hilton Miami Downtown is an office, retail and hotel mixed-use complex located at 1501,1645 and 1701 Biscayne Blvd. An Argent Ventures partnership has owned it since 2005. JLL Managing Directors Jubeen Vaghefi and Denny St. Romain, along with Jones Lang LaSalle Hotels Executive Vice President Gregory Rumpel, are leading the transaction.
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