Updated Oct 14, 2026
Lennar Acquires Multifamily Property In Doral With $130M Loan From Truist Bank
10500 Northwest 78th Street, Doral, FL, USA
$130,000,000
$393/SF
Building Size
330,655 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
About this deal
AI
The multifamily property located at 10500 NW 78th Street in Doral has been involved in a closed transaction. The property consists of 369 units and is situated in the market of Doral. The transaction took place on November 29, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $130,000,000
- Address: 10500 NW 78th Street
- Market: Doral
- Units: 369
The lender for this transaction was Truist Bank. The loan amount provided for the property was $130,000,000. The landlord involved in this transaction was Lennar, represented by Stuart Miller.
On the Map
$130,000,000
$393/SF
MultiFamily
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Players
Miami 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93