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:
- Property Type: Development Site
- Transaction Amount: $4,250,000
- Lender: Robert Dolinsky - Ark Express
- Lender: Arash Gohari - 27 Capital
- Loan Type: Bridge
- Date of Transaction: 06/18/2026
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
Bay Harbor Islands 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93