Clara Homes' James Curnin Secures $80 Million Construction Loan For Bay Harbor Islands Multifamily Project

The property involved in the transaction is a multifamily asset located at 10290 East Bay Harbor Drive, situated in the Bay Harbor Islands market. The asset comprises 77 units and spans a total square footage of 130,000. The loan amount secured for this property is $80,000,000, with a construction loan type.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Units: 77
• Square Footage: 130,000
• Address: 10290 East Bay Harbor Drive
• Market: Bay Harbor Islands
• Lender: Josh Zegen, Samir Tejpaul & Adam Sadaka - Madison Realty Capital
• Landlord: James Curnin - Clara Homes
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Dustin Stolly, Adam Schwartz, Sean Reimer, Michael Diaz & Michael Ianno - Walker & Dunlop

This transaction involved multiple key individuals including lenders Josh Zegen, Samir Tejpaul, and Adam Sadaka, representing Madison Realty Capital. The landlord for the asset was James Curnin, who is associated with Clara Homes. The brokerage team from Walker & Dunlop, consisting of Aaron Appel, Jonathan Schwartz, Keith Kurland, Dustin Stolly, Adam Schwartz, Sean Reimer, Michael Diaz, and Michael Ianno, played a crucial role in facilitating the transaction.