MIAMI—Dadeland Centre I, a 130,000-square-foot class A office asset in Miami, just scored a $31 million refi. A $500,000 renovation to the property's interior is currently underway.
HFF arranged the 10-year, fixed-rate loan for the borrower, Green Companies. HFF senior managing director Paul Stasaitis and associate director Jose Carrazana, with additional support from real estate analysts Maxx Carney and Cecily Nazario, led the charge.
“Capital providers held a very positive view of this loan request, essentially for many of the same reasons tenants enjoy a presence at the property, including a highly desirable transit-oriented location, dedicated hands-on ownership-management, and high-level building quality,” says Stasaitis. New York Life Real Estate Investors supplied the funds.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
