MIAMI—As Miami's office market continues to recover, DadelandWest Executive Park just got refinanced. Starwood MortgageCapital provided the partial interest-only, 10-year $14million loan, at an aggressive interest rate.
CBRE Debt & Structured Finance originatedthe loan on behalf of The Green Companies torefinance six office buildings within the park.The park is located 10625-10691 North Kendall Drive in Miami,FL.
“The assets within this prime executive office community haveenjoyed high historical tenant retention ratios and exceptionaloccupancy,” says Charles J. Foschini, CBRE vicechairman. “This loan offers our clients the ability to capitalizeon historically low rates.”
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