Northlink Capital Secures $85 Million Construction Loan From Deutsche Bank For Miami Beach Condo
7200 Collins Avenue
$85,000,000
Units
222
Asset Type
Condo
Closing
Jun 29, 2026
About this deal
AI
The property asset involved in this transaction is a condo located at 7200 Collins Avenue in Miami Beach, FL. It consists of 222 units and is associated with a construction loan amounting to $85,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $85,000,000
- Lender: Deutsche Bank
- Landlord: Northlink Capital
- Landlord's Representative: Morris Betesh, Alex Bailkin & Matt OHanlon - Arrow Real Estate Advisors
- Loan Type: Construction
The key individuals involved in this deal are Morris Betesh, Alex Bailkin, and Matt OHanlon, representing Northlink Capital through their firm Arrow Real Estate Advisors. Their involvement highlights the collaborative effort in securing financing for the construction of the property.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93