facebook
Traded Co logo
Submit
Daily limit: 0/10

James Curnin Of Clara Homes Secures $35 Million Refinance Loan From Dwight Mortgage Trust

Property Image
FINANCED
$35,000,000

Florida

See Similar Deals
MultiFamily
Financed 07/18/2025
the dealplayerscompscontact
Property Image
FINANCED

James Curnin Of Clara Homes Secures $35 Million Refinance Loan From Dwight Mortgage Trust

10281 East Bay Harbor Drive

See Similar Deals
MultiFamily
Financed 07/18/2025
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a six-story multifamily property located at 10281 East Bay Harbor Drive in Bay Harbor Islands, comprising 28 units. The loan amount provided for this asset is $35,000,000, categorized under refinance type financing.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $35,000,000
  • Lender: Dwight Mortgage Trust
  • Landlord: James Curnin - Clara Homes
  • Broker: Adam Schwartz - Walker & Dunlop
  • Loan Type: Refinance
  • Units: 28
  • Market: Bay Harbor Islands

Key individuals involved in the transaction include James Curnin, who represents Clara Homes, and Adam Schwartz, who facilitated the financing arrangement through Walker & Dunlop. The financing is intended to pay off an existing construction note, fund an interest reserve, and cover transaction costs associated with the property.

Players

Adam Schwartz
160 deals$25.4B volume(646) 491-8869
BROKER

LENDER

James Curnin
9 deals$207.5M volume
LANDLORD

Details

FINANCED
IMAGE: Adam Schwartz & James Curnin DATE: 07/18/2025 ADDRESS: 10281 East Bay Harbor Drive MARKET: Bay Harbor Islands ASSET TYPE: Multifamily ~ UNITS: 28 LENDER: Dwight Mortgage Trust (@DwightCap) LANDLORD: James Curnin - Clara Homes BROKER: Adam Schwartz (@AdamSchwartz88) - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $35,000,000 LOAN TYPE: Refinance NOTE: Dwight Mortgage Trust provided a $35 million bridge loan to refinance the six-story, 28-unit Clara Bay Harbor luxury apartment in Bay Harbor Islands. The financing, arranged by Adam Schwartz of Walker & Dunlop, will pay off an existing construction note, fund an interest reserve, and cover transaction costs.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,000,000.00

Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00