Steve Ross scores $340M refi for One Flagler tower in downtown West Palm Beach
Billionaire Steve Ross scored a $340 million refinancing for the One Flagler office tower, completed this year in downtown West Palm Beach. Related Ross, Ross’ real estate firm formed last year, obtained the loan from BDT & MSD Partners for the 25-story building at 180 Lakeview Avenue, according to records. The loan refinances the $242.5 million construction loan MSD Partners provided in 2022 and increases the debt by $97.5 million. The refinancing has a floating interest rate, the mortgage record shows. Related Ross completed the 285,000-square-foot One Flagler this year, marking the first project finished by the firm. The Skidmore, […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Homeowners have record equity and won’t touch it. Loan data explains why
Florida Remains the Riskiest Market for Future Home Price Declines
Virginia Legalizes Manufactured Housing as Gov. Spanberger Pushes Housing Affordability
Seniors in These States Will See the Deepest Cuts to Their Social Security in 2032
Flow affiliate sells unfinished Miami Worldcenter office, retail building for $27M
Who can buy a top-20 builder now? Berkshire resets board calculus
NBA Player Nicolas Batum Shoots His North Carolina Mansion Onto the Market for $6 Million—Complete With Custom ‘Shoe Room’
Social Security, Medicare solvency could be examined by bipartisan commission
J. Alexander’s Hosts Far Niente Wine Dinner
Emotional Moment HGTV Star Erin Napier Breaks Down in Tears After Watching Her 2-Year Hotel Renovation Go Up in Flames
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131