RFR Lands $101M Refinancing for 100 Biscayne Office, Downtown Miami
RFR refinanced 100 Biscayne in downtown Miami with a $101M loan from Derby Lane Partners and Axonic Capital, Commercial Observer reported.
- Source Briefing
- Public record
- Also reported by Commercial Observer
RFR has refinanced 100 Biscayne, a downtown Miami office building, with a $101M loan from Derby Lane Partners and Axonic Capital, Commercial Observer reported Nov. 11. The outlet did not disclose the rate, maturity or other terms, and we have not independently confirmed the loan.
Why it matters
Office debt is the hard corner of commercial real estate, and a $101M loan on a downtown Miami tower shows lenders will still back an asset with a leasing story. Commercial Observer describes the building at 100 Biscayne Boulevard, across from Bayfront Park, as a 317,000-square-foot Class A waterfront office property. According to the company, RFR leased about 248,000 square feet and lifted occupancy from under 60% to about 90%.
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Newmark arranged the transaction, with Jordan Roeschlaub, Nick Scribani, Adam Spies and Josh King on the team, the outlet reported. Axonic declined to comment. RFR’s Gaby Rosen pointed to a “continued value creation opportunity” at the property.
The numbers
Commercial Observer says RFR bought the property in January 2022 for $90 million. The Miami-Dade Property Appraiser shows a deed dated Jan. 10, 2022, from NEW WT Miami LLC, c/o East End Capital Partners, to 100 Biscayne LLC, c/o RFR Holding, with a recorded sale price of $81.1M and $486,600 in documentary stamps. The gap between the two figures is not explained in either source.
The same record puts the 2026 assessed value at $66.8M, up from $61.6M in 2025. The new loan is about 1.5 times that assessed figure, though assessments are not market appraisals.
What’s next
The loan terms remain undisclosed, so how much of the $101M is funded at closing and when it matures are open questions. A recorded mortgage in Miami-Dade official records would show the lender entities and amount; we will update when one posts. For more deals in the market, see South Florida.
Quick answers
- Who is financing RFR in South Florida?
- RFR refinanced 100 Biscayne in downtown Miami with a $101M loan from Derby Lane Partners and Axonic Capital, Commercial Observer reported.
- What are the key numbers for RFR?
- refinancing loan: $101M; recorded 2022 sale price: $81.1M; 2026 assessed value: $66.8M; office building: 317,000 sq ft.
- Where does the information on RFR come from?
- The story cites Commercial Observer and Miami-Dade Property Appraiser.
On the record
Miami-Dade Property Appraiser records for 100 Biscayne Blvd list the owner as 100 Biscayne LLC, c/o RFR Holding, a deed dated Jan. 10, 2022 with a recorded sale price of $81.1M, and a 2026 assessed value of $66.8M.
Public record · miamidade.gov
Also reported by
- Commercial ObserverRFR refinances downtown Miami office building with $101M loan