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2835 Tigertail Avenue

David Martin And Getzy Fellig Secure $410 Million Construction Loan For The WELL Coconut Grove
FINANCEDCondo

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

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:

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.

Players

Aaron Appel

Walker & Dunlop

Broker

$33.1B

vol

197 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage
TYKO Capital
TYKO CapitalLender

Getzy Fellig

AB Asset Management

Landlord

$43.3M

vol

3 deals

Landlord

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