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10281 West Bay Harbor Drive

Clara Homes Secures $101.5 Million Refinance Loan From Hudson Bay Capital For Multifamily Asset
FINANCEDMultiFamily

Clara Homes Secures $101.5 Million Refinance Loan From Hudson Bay Capital For Multifamily Asset

10281 West Bay Harbor Drive & 1155 100th Street

$101,500,000

$1,950/SF

Building Size

52,050 SF

Asset Type

MultiFamily

Closing

Aug 3, 2026

AI

The transaction involves a multifamily asset with 73 units located at 10281 West Bay Harbor Drive & 1155 100th Street in Bay Harbor Islands. The total square footage of the property is 133,580. The loan amount for this refinance transaction is $101,500,000.

Summary of transaction details:

Key individuals involved in the transaction include Zach Cion representing Hudson Bay Capital as the lender and James Curnin representing Clara Homes as the borrower. The transaction was brokered by a team from Walker & Dunlop, including Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Michael Ianno, and Jason Schwartzberg.

Players

Aaron Appel

Walker & Dunlop

Broker

$33.5B

vol

200 deals

Broker
James Curnin

James Curnin

Clara Homes

Buyer

$389M

vol

11 deals

Buyer
Hudson Bay Capital
Hudson Bay CapitalLender

Bay Harbor Islands MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93