Capmark Bank Closes $100M Omni Center Note Sale

MIAMI-Capmark Bank has closed on the sale of the senior promissory note secured by the Omni Center and Hilton Miami Downtown. The note sale was worth $100 million. The note had a principal balance of $161 million, and represented approximately 78% of the total senior mortgage balance of $206 million.

Jones Lang LaSalle managing directors Jubeen Vaghefi and Denny St. Romain and JLL Hotels executive VP Gregory Rumpel arranged the sale for Capmark Bank. A joint venture between the Related Group of Florida, Tate Capital Real Estate Solutions and ROK Acquisitions purchased the note for the office, retail and hotel mixed-use complex located in downtown Miami.