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27

CBRE Secures $60M Financing for Miami Luxury Hotel

By Tony Seruga

The Nautilus South Beach is part of Sixty Hotels, a portfolio of five boutique properties located in New York City, Los Angeles and Miami.

Miami—CBRE Capital Markets’ debt & structured finance team recently secured a bridge financing in the amount of $60 million for The Nautilus South Beach, a 250-key hotel situated in Miami Beach, in the heart of the city’s Art Deco district.

The two-year floating rate loan provided by Apollo Commercial Real Estate Finance includes three one-year extension options. Mark Owens and Shawn Rosenthal of CBRE’s Midtown Manhattan office placed the loan on behalf of the borrower, Quadrum Global…

CBRE Secures $60M Financing for Miami Luxury Hotel

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