SDI announced it closed on the acquisition of a $49.16 million non-performing loan secured by 550 Biltmore Way, an iconic 162,000 square foot class A office tower in the heart of Coral Gables, Fla.
550 Biltmore Way, distinguished by its pyramid architecture and prime location steps from Miracle Mile, has a strong mix of medical, legal and financial tenants. The building offers upside through strategic leasing, rent adjustments and targeted renovations.
