Ana-Marie Codina Of Codina Partners Secures $100 Million Construction Loan For Sevilla In Doral

The transaction involves a development site located at Northwest 53rd Street & Northwest 52nd Terrace in the market of Doral, with an area of 4.2 acres. Codina Partners has secured a construction loan of $100 million to support the building of Sevilla, which consists of 412 units in a mid-rise structure. The development is expected to be completed by the third quarter of 2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Lender: Regions Bank & Ocean Bank
• Landlord: Ana-Marie Codina - Codina Partners
• Loan Type: Construction Loan
• Funding Structure: Regions Bank funded 65% and Ocean Bank covered 35% of the total loan

Ana-Marie Codina represents Codina Partners in this deal, facilitating the acquisition of the construction loan. The financing arrangement is expected to drive the progress of the Sevilla development, enhancing the cityscape of Downtown Doral.