Finance Deals of the Week: Miami Panorama Tower Nets $420M Refi
The top five financings from Feb. 12 to Feb. 16.
By The Editors February 16, 2024 10:00 am
reprints
The deals are heating up at the start of February, as several massive loans have made their way across the country. There’s a $420 million refinancing for Miami’s Panorama Tower, a $395 million loan on the iconic 70 Pine Street hotel and apartment building in New York City and Walker & Dunlop loaned a $380 million credit facility to Scion Group on 11 off-campus student housing properties.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $419.6 million | Greystone Commercial Capital | Florida East Coast Realty | 1100 Brickell Bay Drive; Miami | Residential | N/A |
| $395 million | Goldman Sachs (GS) | DTH Capital and Rose Associates | 70 Pine Street; New York City | Hotel and Residential | JLL's Chris Peck, Geoff Goldstein and Christopher Pratt |
| $380 million | Walker & Dunlop | Scion Student Communities and The Scion Group | 11 off-campus property portfolio across Southern U.S. | Student Housing | W&D's Colin Coleman, Brendan Coleman and Will Baker |
| $208 million | Hudson Valley Property Group (equity) and JLL (debt) | Hudson Valley Property Group | Five-property portfolio in D.C. and Charlotte | Residential | JLL |
| $98 million | Barings Real Estate | Newland Enterprises | 700 East Kilbourne Ave.; Milwaukee | Residential | JLL Capital Markets |
Finance deals of the week reflect deals closed or announced from Feb. 12 to Feb. 16. Information on financings can be sent to editorial@commercialobserver.com.
deals, Deals of the Week, financings, loans, Barings Real Estate, DTH Capital, Goldman Sachs, JLL Capital Markets, Rose Associates, Scion Student Communities, The Scion Group, Walker & Dunlop
