The asset involved in this transaction is an 18-acre development site located at 9800, 9850 Northwest 41st Street and 4090 Northwest 97th Avenue in the Doral market. The secured construction loan amounts to $58,000,000 and is designated for the Oasis at Doral mixed-use project, which will incorporate 623 apartments, with 40% allocated for workforce housing, as well as 156,000 square feet of retail and restaurant space divided across multiple phases.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $58,000,000
• Address: 9800, 9850 Northwest 41st Street & 4090 Northwest 97th Avenue
• Market: Doral
• Lender: City National Bank of Florida
• Landlord: Edward Abbo - The Apollo Companies
• Landlord: Mario Grosfeld - Triarch Capital Group

This deal involves Doral Costa Capital LLC, a partnership formed between The Apollo Companies and Triarch Capital Group, securing the construction loan for the development, focusing on enhancing the community with a blend of residential and commercial spaces.