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:
- Property Type: Multifamily
- Transaction Amount: $101,500,000
- Address: 10281 West Bay Harbor Drive & 1155 100th Street
- Market: Bay Harbor Islands
- Units: 73
- Square Footage: 133,580
- Lender: Hudson Bay Capital - Zach Cion
- Borrower: Clara Homes - James Curnin
- Brokers: Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Michael Ianno, Jason Schwartzberg - Walker & Dunlop
- Loan Type: Refinance
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
Bay Harbor Islands MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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