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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: , 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

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