{"id":37779,"date":"2025-11-07T20:09:10","date_gmt":"2025-11-07T20:09:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/37779\/"},"modified":"2025-11-07T20:09:10","modified_gmt":"2025-11-07T20:09:10","slug":"oko-group-cain-lining-up-600m-loan-for-830-brickell","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/37779\/","title":{"rendered":"OKO Group, Cain Lining Up $600M Loan For 830 Brickell"},"content":{"rendered":"

Cain International<\/a> and OKO Group<\/a>\u00a0are looking to cash in again on\u00a0830 Brickell<\/a>.<\/p>\n

\"Placeholder\"\/<\/p>\n

\n Courtesy of OKO Group\/Cain International\n <\/p>\n

\n 830 Brickell\n <\/p>\n

Goldman Sachs<\/a> and JPMorgan Chase<\/a>\u00a0are looking to originate a roughly $600M loan for the 57-story, 640K SF\u00a0trophy building\u00a0as a potential standalone CMBS offering, Green Street reports<\/a>.<\/p>\n

The\u00a0developers have been\u00a0in the market\u00a0for a $605M, floating-rate loan that could run five to seven years, Green Street reported.<\/p>\n

Cain, led by CEO\u00a0Jonathan Goldstein<\/a>, and JPMorgan declined to comment on the deal. OKO Group, led by Russian-born billionaire Vlad Doronin<\/a>, and Goldman Sachs didn\u2019t respond to a request for comment.<\/p>\n

The mortgage would be the second in as many years after London-based Cain and OKO Group landed a $565M senior loan<\/a>\u00a0from New York-based Tyko Capital<\/a> before the tower\u2019s completion last year, replacing the $347M construction loan from BDT &\u00a0MSD Partners. The building\u00a0also has a\u00a0$184M mezzanine loan from insurer Security Benefit, according to Green Street.<\/p>\n

The 724-foot 830 Brickell was among the first trophy office buildings\u00a0to\u00a0rise in Miami in a decade,\u00a0going up at the peak of the pandemic-era corporate migration and landing several big-name tenants like Thoma Bravo, Microsoft and Kirkland & Ellis. Billionaire Ken Griffin<\/a>\u2019s Citadel<\/a>\u00a0leases\u00a0130K SF across eight floors<\/a> while the hedge fund builds its $2.5B Miami headquarters<\/a>.\u00a0\u00a0<\/p>\n

The office tower, which features a sky lobby, a gym and a\u00a0$25K private club on the 54th and 55th floors<\/a>,\u00a0is 100% leased and open after years of construction delays. It set multiple Miami rent records after initially asking for $70 per SF when construction began in 2018 \u2014 Brazilian lender Banco Master paid nearly $200 per\u00a0SF for its 27K SF on the 44th and 45th floors, according to CoStar<\/a>.<\/p>\n

The deal\u00a0adds to a string of massive loans handed out in Miami this week.<\/p>\n

On Monday, Ytech<\/a>\u00a0announced it\u00a0landed a $565M construction loan<\/a>\u00a0from JPMorgan Chase and Sculptor Real Estate for the 70-story Residences at 1428 Brickell tower. Less than 24 hours later, New York-based\u00a0Namdar Group landed a $460M loan<\/a> from Scale Lending for two 43-story multifamily towers in Downtown Miami.<\/p>\n

Dezer Development<\/a>\u00a0piled on,\u00a0announcing a $630M construction loan from Madison Realty Capital<\/a>\u00a0on Wednesday\u00a0for the 62-story Bentley Residences<\/a>\u00a0in Sunny Isles Beach.<\/p>\n","protected":false},"excerpt":{"rendered":"Cain International and OKO Group\u00a0are looking to cash in again on\u00a0830 Brickell. Courtesy of OKO Group\/Cain International 830…\n","protected":false},"author":2,"featured_media":37780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[25821,25822,25819,123,125,124,25820],"class_list":{"0":"post-37779","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-miami","8":"tag-830-brickell","9":"tag-cain","10":"tag-cain-international","11":"tag-miami","12":"tag-miami-headlines","13":"tag-miami-news","14":"tag-oko-group"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/37779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=37779"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/37779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/37780"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=37779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=37779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=37779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}