Origin By Artefacto Secures $30.5M Construction Loan For Condo At 9760 West Bay Harbor Drive
9760 West Bay Harbor Drive
$30,500,000
Building Size
—
Asset Type
Condo
Closing
Jun 15, 2025
AI
The asset involved in this transaction is a condo located at 9760 West Bay Harbor Drive in the Bay Harbor Islands market. The property is associated with a loan amount of $30,500,000 and is classified as a construction loan.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $30,500,000
- Loan Type: Construction
- Landlord: Origin by Artefacto
- Brokers: , Carlos Vazquez, Gaston Schneider, Mauricio Ordoñez
The transaction features key individuals representing the deal, specifically Carlos Vazquez, Gaston Schneider, and Mauricio Ordoñez, all from . These brokers played a significant role in facilitating the loan for the condo development project.
Players
Bay Harbor Islands Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93