Barclays Capital Provides $21.5 Million Refinance Loan for Miami Office Property
Barclays Capital has provided a $21.5 million refinance loan for a 155,069 square foot office property located at 12000 Biscayne Boulevard in Miami, FL.
Barclays Capital has closed a $21.5 million refinance loan deal for a 155,069 square foot office property in Miami, FL. The loan was provided to the borrower by Barclays Capital, and the property is located at 12000 Biscayne Boulevard. The brokers for the deal were Richard Horowitz and Justin Horowitz of Cooper Horowitz LLC.
The office property, situated in the heart of Miami, offers a prime location for businesses looking to establish a presence in the city. With its proximity to major transportation routes and a vibrant business community, the property is well-positioned for success.
The loan amount of $21.5 million will be used to refinance the existing debt on the property. This will provide the borrower with improved terms and potentially lower interest rates, resulting in significant cost savings over the life of the loan.
Barclays Capital, a leading global financial services firm, has a strong presence in the commercial real estate lending market. The firm’s expertise and extensive network of relationships make it a preferred lender for borrowers seeking financing for their real estate projects.
Richard Horowitz and Justin Horowitz of Cooper Horowitz LLC served as the brokers for this transaction. With their deep knowledge of the Miami market and strong relationships with lenders, they were able to secure favorable terms for the borrower.
The Miami office market has been experiencing strong demand in recent years, driven by a growing economy and an influx of businesses. This has led to increased competition among lenders to finance office properties in the city. Barclays Capital’s willingness to provide a $21.5 million loan for this property demonstrates their confidence in the Miami market and their commitment to supporting the growth of businesses in the area.
Overall, the $21.5 million refinance loan deal for the Miami office property at 12000 Biscayne Boulevard is a significant transaction in the commercial real estate market. It highlights the continued strength of the Miami office market and the confidence of lenders in the city’s future. With the support of Barclays Capital and the expertise of Richard Horowitz and Justin Horowitz, the borrower is well-positioned for success in the years to come.