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

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FINANCED
$100,000,000

Florida

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Development Site
Financed 07/07/2025
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Property Image
FINANCED

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

Development Site
Financed 07/07/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Loan

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.

Players

Regions Bank
Regions Bank
LENDER
Ocean Bank
Ocean Bank
LENDER
CP
Codina Partners
LANDLORD
CP
Codina Partners
LANDLORD

Details

FINANCED
IMAGE: Ana-Marie Codina DATE: 07/07/2025 ADDRESS: Northwest 53rd Street & Northwest 52nd Terrace MARKET: Doral ASSET TYPE: Development Site ~ ACRES: 4.2 LENDER: Regions Bank (@RegionsBank) & Ocean Bank (@OceanBankUS) LANDLORD: Ana-Marie Codina - Codina Partners LOAN AMOUNT: $100,000,000 LOAN TYPE: Construction Loan NOTE: Codina Partners secured a $100 million construction loan to build Sevilla, with Regions Bank funding 65% and Ocean Bank covering the remaining 35%. The financing supports the development of the 412-unit mid-rise in Downtown Doral, slated for completion by Q3 2027.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00