830 Brickell, a Class A+ tower that represents a joint venture between real estate firms Cain International and OKO Group, has scored $565 million in financing to pay off existing debt.
The 57-story fully leased property features 55 floors and covers 640,000 square feet. In a statement, 830 Brickell said it was the first Class A+ tower to be built in Miami's Brickell Financial District in more than 10 years.
In 2019, MSD Partners provided the original construction loan for the building. But the new one, provided by TYKO Capital, will effectively pay off the original. The TYKO debt is classified as a long-term loan.
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