FINANCEDMultiFamily
Raphael Zibi, Julien Haccoun & Sarah Aserraf Of Ora Development Group Secures $43.3M Loan For Multifamily Project In Miami
17210 Homestead Avenue
$43,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 25, 2026
AI
The property involved in the transaction is a multifamily asset located at 17210 Homestead Avenue in Miami. The asset consists of 192 units and is financed through a construction loan amounting to $43,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $43,300,000
- Lender: Pearlmark - Steve Gordon
- Sponsors: Raphael Zibi, Julien Haccoun & Sarah Aserraf - Ora Development Group; Nicolás Jaramillo & Juan Sebastian Betancur - Conconcreto
- Advisors: Marko Kazanjian, Max Herzog, Andrew Cohen & Michael Samuelian - Institutional Property Advisors (IPA)
- Market: Miami
- Units: 192
- Loan Type: Construction
The deal includes key individuals from Ora Development Group and Conconcreto acting as sponsors, while the advisory team is comprised of professionals from Institutional Property Advisors (IPA). This team played a crucial role in facilitating the financing for the development project.
Players
Market 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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93