Origin By Artefacto Secures $30.5M Construction Loan For Condo At 9760 West Bay Harbor Drive
FINANCED
Florida
See Similar DealsCondo
Financed 06/16/2025
FINANCED
Origin By Artefacto Secures $30.5M Construction Loan For Condo At 9760 West Bay Harbor Drive
9760 West Bay Harbor Drive
See Similar DealsCondo
Financed 06/16/2025
Summary
FLORIDA
Asset Type:Condo
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,500,000.00
Monthly NOI$203,333.33
Monthly Debt Service$192,780.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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