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: Nexos Invest, Carlos Vazquez, Gaston Schneider, Mauricio Ordoñez
The transaction features key individuals representing the deal, specifically Carlos Vazquez, Gaston Schneider, and Mauricio Ordoñez, all from Nexos Invest. 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
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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