Updated Mar 6, 2026
Fort Lauderdale Finance & Investment Provides $19M Loan For Doral Development Site
Doral Boulevard, Doral, FL, USA
$19,000,000
$126/SF
Building Size
150,000 SF
Asset Type
Development Site
Closing
Mar 5, 2020
About this deal
AI
David Martin has closed a loan transaction for a development site located at Doral Boulevard, 87th Avenue in the Doral market. The loan amount secured for this project was $19,000,000, and the building area sits at 150,000 square feet. The loan was provided by Fort Lauderdale Finance & Investment.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $19,000,000
- Address: Doral Boulevard, 87th Avenue
- Market: Doral
Terra Group, represented by David Martin, acted as the landlord in this transaction. They played a key role in the deal, ensuring the successful completion of this loan agreement for the development site.
Players
Doral Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93