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Adrian Rahimi & Mike Wadler Of BHI Provide $67.5 Million Construction Loan For Cora Merrick Park

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FINANCED
$67,500,000
Scott Wadler
+ 1

Florida

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Development Site
Financed 05/27/2026
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Property Image
FINANCED

Adrian Rahimi & Mike Wadler Of BHI Provide $67.5 Million Construction Loan For Cora Merrick Park

4241 Aurora Street

See Similar Deals
Development Site
Financed 05/27/2026
Scott Wadler
+ 1
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use development located at 4241 Aurora Street in Coral Gables. This asset comprises residential, office, and retail spaces, supported by a construction loan amounting to $67,500,000.

Summary of transaction details:

  • Property Type: Mixed-Use (Residential, Office & Retail)
  • Transaction Amount: $67,500,000
  • Lender: Adrian Rahimi & Mike Wadler - BHI
  • Landlord: Eduardo Otaola - Constellation Group
  • Landlord: Jose Boschetti Sr. - The Boschetti Group
  • brokers: Scott Wadler & Matt Nihan - Berkadia
  • Loan Type: Construction

This transaction includes key figures such as lenders Adrian Rahimi and Mike Wadler representing BHI, and landlords Eduardo Otaola and Jose Boschetti Sr. from Constellation Group and The Boschetti Group, respectively. The brokerage team facilitating the deal comprises Scott Wadler and Matt Nihan from Berkadia.

Players

Scott Wadler
166 deals$10.2B volume
BROKER

Matthew (Matt) Nihan
Berkadia
23 deals$724.2M volume
BROKER

Adrian Rahimi
3 deals$276M volume
LENDER

Details

FINANCED
IMAGE: Matt Nihan, Jose Boschetti Sr., Eduardo Otaola, Adrian Rahimi, Mike Wadler & Scott Wadler DATE: 06/08/2026 ADDRESS: 4241 Aurora Street - Cora Merrick Park (@CoraMerrickPark) MARKET: Coral Gables ASSET TYPE: Mixed-Use (Residential, Office & Retail) LENDER: Adrian Rahimi & Mike Wadler - BHI LANDLORD: Eduardo Otaola - Constellation Group (@ConstellationRE); Jose Boschetti Sr. - The Boschetti Group BROKERS: Scott Wadler (@SWadler1) & Matt Nihan - Berkadia (@Berkadia) LOAN AMOUNT: $67,500,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,500,000.00

Monthly NOI$450,000.00
Monthly Debt Service$426,645.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00