Bank OZK Provides $128.3M Loan For Miami Condo Development By OKO Group And Cain International
FINANCED
$128,300,000
+ 3
Florida
See Similar Deals1,946 SF
Financed 04/20/2021
FINANCED
Bank OZK Provides $128.3M Loan For Miami Condo Development By OKO Group And Cain International
174 Southeast 25th Road, Miami, FL 33129, USA
See Similar Deals1,946 SF
Financed 04/20/2021
+ 3
Summary
FLORIDA
Price Per Square Foot:$65,930
Total Square Footage:1,946 SF
Transaction Type:Loan
A $128,300,000 loan has been secured for a condo located at 174 SE 25th Road in Miami. The loan was provided by Bank OZK. The condo consists of 135 units and is owned by OKO Group, represented by Vladislav Doronin, and Cain International, represented by Jonathan Goldstein.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $128,300,000
- Address: 174 SE 25th Road
- Market: Miami
- Lender: Bank OZK
- Landlords: OKO Group - Vladislav Doronin; Cain International - Jonathan Goldstein
- Brokers: Keith Kurland, Aaron Appel, Adam Schwartz, Michael Diaz & Sean Bastian - Walker & Dunlop
- Units: 135
The deal was facilitated by brokers Keith Kurland, Aaron Appel, Adam Schwartz, Michael Diaz, and Sean Bastian from Walker & Dunlop. They played a key role in negotiating and finalizing the loan for the condo property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$128,300,000.00
Monthly NOI$855,333.33
Monthly Debt Service$810,943.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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