Greystone Provides $419.6 Million to Refinance 85-Story Panorama Tower in Miami

by Channing Hamilton

MIAMI — Greystone Commercial Capital has provided $419.6 million to refinance Panorama Tower, an 85-story mixed-use complex in Miami. The financing package consists of $85 million in agency-compliant subordinate debt and a $334.6 million Freddie Mac Optigo senior loan funded by Greystone Servicing Co. LLC. The loan carries a five-year term and 35-year amortization.

Panorama Tower offers 821 units. The property also includes 112,731 square feet of Class A office space, 25,219 square feet of retail space, a 2,000-space private parking garage and an attached 19-story, 208-room Hyatt Centric Hotel.

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