Latham & Watkins Advises on Mezzanine Financing for 830 Brickell Office Tower in Miami

830 Brickell, a 57-story Class A+ stand-alone office tower set to open this fall, secured a US$535 million loan from Tyko Capital and a US$183.5 million mezzanine loan from Security Benefit Life Insurance Company with an affiliate of Eldridge Industries serving as agent. The office tower, developed by Cain International and OKO Group, will use the proceeds for the refinancing of a construction loan provided by MSD Partners in 2019. Cain and OKO developed the office tower in Miami’s Brickell Financial District, and the building will be the first of its kind to open in Miami in a decade.

Latham & Watkins LLP represents Security Benefit Life Insurance Company as lender and an affiliate of Eldridge Industries as agent in the mezzanine loan with a real estate team led by New York partner Michelle Kelban and Washington, D.C. counsel Kimberly Lucas, with associate Chika Onyejiukwa.