David Martin And Getzy Fellig Secure $410 Million Construction Loan For The WELL Coconut Grove
2835 Tigertail Avenue
$410,000,000
$1,057/SF
Building Size
387,826 SF
Asset Type
Condo
Closing
Jan 25, 2026
About this deal
AI
The WELL Coconut Grove is a condo located at 2835 Tigertail Avenue in the Miami market. The total asset comprises 387,826 square feet and is involved in a construction loan transaction amounting to $410,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $410,000,000
- Lender: Adi Chugh - TYKO Capital
- Landlord: David Martin - Terra
- Landlord: Getzy Fellig - AB Asset Management
- Brokers: Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet, Jason Schwartzberg - Walker & Dunlop
This transaction features key involvement from various parties, including lender Adi Chugh representing TYKO Capital, and landlords David Martin from Terra and Getzy Fellig from AB Asset Management. The brokerage team from Walker & Dunlop includes eight professionals, each contributing to the successful execution of the loan transaction.
On the Map
$410,000,000
$1,057/SF
Condo
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Players
Miami 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93