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9760 West Bay Harbor Drive

Origin By Artefacto Secures $30.5M Construction Loan For Condo At 9760 West Bay Harbor Drive
FINANCEDCondo

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

Mauricio Ordoñez

Q Kapital Group

Broker

$84.6M

vol

7 deals

Broker
Nexos Invest
Nexos InvestLender

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