Deutsche Bank Provides $84 Million Refinance Loan for Hollywood Mixed-Use Property
Deutsche Bank has provided an $84 million refinance loan for a mixed-use property in Hollywood, Florida, located at 1818 Hollywood Blvd.
Deutsche Bank has recently closed an $84 million refinance loan for a mixed-use property located at 1818 Hollywood Blvd in Hollywood, Florida. The loan was provided to the property owner, Gold Coast Florida Regional Center, and will be used to refinance the existing debt on the property.
The property is situated on 2 acres of land and features a mixed-use development. The development includes retail, office, and residential components, making it a versatile and attractive investment opportunity.
The loan was arranged by Jay Miller, Spencer Miller, and AJ Felberbaum of BayBridge Real Estate. The team at BayBridge Real Estate specializes in commercial real estate financing and has a strong track record of successfully arranging loans for a variety of property types.
Deutsche Bank, one of the largest banks in the world, has a strong presence in the commercial real estate lending market. The bank has a reputation for providing competitive loan terms and has a track record of successfully closing large-scale real estate transactions.
The refinance loan provided by Deutsche Bank will allow Gold Coast Florida Regional Center to take advantage of favorable market conditions and secure a lower interest rate on the property’s debt. This will result in significant cost savings for the property owner and improve the property’s cash flow.
The Hollywood market has been experiencing strong growth in recent years, with an influx of new residents and businesses. The city’s vibrant arts and entertainment scene, along with its proximity to major transportation hubs, make it an attractive location for investors and developers.
The mixed-use property at 1818 Hollywood Blvd is well-positioned to capitalize on this growth. Its prime location in the heart of Hollywood, along with its diverse mix of retail, office, and residential space, make it a highly desirable property for tenants and investors.
The refinance loan provided by Deutsche Bank is a testament to the strength of the Hollywood market and the potential of the 1818 Hollywood Blvd property. The loan will provide Gold Coast Florida Regional Center with the capital needed to continue investing in the property and further enhance its value.
Overall, the $84 million refinance loan provided by Deutsche Bank for the mixed-use property at 1818 Hollywood Blvd is a significant transaction in the Hollywood commercial real estate market. The loan will enable Gold Coast Florida Regional Center to optimize its capital structure and position the property for long-term success. With the support of BayBridge Real Estate and Deutsche Bank, the property is well-positioned to thrive in the dynamic Hollywood market.