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1165 1175 97th Street, Bay ...

FINANCEDDevelopment Site

Robert Dolinsky Of Ark Express And Arash Gohari Of 27 Capital Provide $4.25M Bridge Loan In Bay Harbor Islands

1165 1175 97th Street, Bay Harbor Islands, Fl 33154

$4,250,000

$188/SF

Building Size

22,500 SF

Asset Type

Development Site

Closing

Jun 17, 2026

AI

1165-1175 97th Street is a development site located in the Bay Harbor Islands market, comprising a total square footage of 22,500 and a building square footage of 99,297.

Summary of transaction details:

The funding for the bridge loan at 1165-1175 97th Street was jointly provided by Ark Express and 27 Capital. The deal was executed in less than a week and is part of a series of transactions conducted prior to the establishment of a dedicated vehicle aimed at facilitating bridge loans across various asset classes, including multifamily, land, and single-family homes.

Players

27 Capital
27 CapitalBrokerage

Arash Gohari

27 Capital

Lender

$95.9M

vol

15 deals

Lender

Bay Harbor Islands Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93