Updated Nov 18, 2025
Bank OZK Provides $76M Construction Loan For Multifamily Property At 16395 Biscayne Blvd, North Miami Beach
16395 Biscayne Boulevard
$76,000,000
$28,148/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
May 14, 2021
About this deal
AI
The loan for the construction of a multifamily property located at 16395 Biscayne Blvd in North Miami Beach has been finalized. Bank OZK has provided a loan amount of $76,000,000 for this project.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $76,000,000
- Lender: Bank OZK
- Landlord: The Estate Companies - Robert Suris & Jeffrey Ardizon
- Brokers: Bank OZK
The Estate Companies, represented by Robert Suris and Jeffrey Ardizon, are the landlords of this property. The loan for this construction project was provided by Bank OZK.
Players
Miami MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93