Greystone Commercial Capital recently refinanced Miami’s tallest building, the Panorama Tower, with a $419,590,000 loan. 

The 85-story, class A+, mixed-use residential building is located on Brickell Bay Drive. It offers 821 apartments, 112,731 square feet of class A office space, 25,219 square feet of retail space, a 2,000-space parking garage and an attached 19-story, 208-room Hyatt Centric Hotel. 

Community amenities include ocean-view and sunset pools, three private movie theaters, a fitness center, sports room, game room and sauna and steam rooms. Apartments offer nine-foot ceilings and encompass 1,100 square feet for one-bedroom units up to 2,100 square feet for three-bedrooms. 

The financing deal comprises a $334,590,000 Freddie Mac Optigo senior loan funded by Greystone Servicing Company with a five-year term and a 35-year amortization schedule, combined with $85 million of subordinate debt. 

“GCC delivered a market-leading and innovative structured-finance solution,” Greystone Commercial Capital President and Chief Investment Officer Scott Chisholm said in a press release. “We are grateful to partner with top financial institutions and Florida East Coast Realty on such a noteworthy project in Panorama Tower.”