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Madison Realty Capital has originated two loans totaling $101.9 million for CGI Merchant Group for the purchase of a hotel and an office building in Miami

CGI Merchant Group Refis Miami Office, Hotel with $102M from Madison Realty Capital

Madison Realty Capital has originated two refinancing loans totaling $101.9 million for CGI Merchant Group. Surya Capital Partners brokered the transaction.

The two loans include a $35.5 million loan for 3480 Main, a Class-A office building in Coconut Grove, and a $66.4 million loan for The Gabriel Miami, a luxury hotel located in downtown Miami.

3480 Main is a modern mixed-use office with 44,685 rentable square feet of office space across five floors, 10,177 square feet of retail space, two high-end restaurants and an outdoor roof deck. The retail and rooftop spaces are fully leased to Lebanese restaurant, Amal.

The Gabriel Miami is a 129-key boutique Curio Collection by Hilton hotel with 14,440 square feet of restaurant space and 11,520 square feet of signage along Interstate 395. The hotel is part of the 64-story Marquis Building of luxury condominiums overlooking Biscayne Bay.

Photo: 3480 Main


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Madison Realty Capital

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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