All Aboard Florida Modifies Their $405M, 12.75% Mortgage

All Aboard Florida recorded documents last week adding additional mortgagors to the $405 million, 12/12.75% PIK bonds that are funding construction of MiamiCentral and other stations and infrastructure along the Brightline route.

The initial mortgagors were:

  • All Aboard Florida – Operations LLC
  • Investments Broward County LLC
  • Second Street Investments LLC
  • FLL Property Ventures LLC
  • PBC Investments And Acquisitions LLC
  • DT Miami LLC
  • Brevard County Property Holdings LLC

The newly added mortgagors are:

  • DT Miami A LLC
  • DT Miami B LLC
  • DT Retail LLC
  • DT MFN LLC
  • DT MF South LLC
  • 2MC Office LLC
  • 2MC Retail LLC
  • 3MC Parking LLC
  • 3MC Office LLC
  • All Aboard Florida Nw Sixth Street LLC
  • FTL Investments LLC
  • Space Coast Land Holdings LLC

At the same time, the parent entities have deeded over air and other rights to the newly formed entities.