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David Lynd Of The Lynd Group Secures $34.5M Refinance From A10 Capital For Multifamily Asset

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FINANCED
$34,500,000

Florida

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MultiFamily
Financed 04/24/2026
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FINANCED

David Lynd Of The Lynd Group Secures $34.5M Refinance From A10 Capital For Multifamily Asset

17600 Northwest 5th Avenue

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MultiFamily
Financed 04/24/2026
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property known as Parc Place Apartments, located at 17600 Northwest 5th Avenue in Miami Gardens. The property comprises 234 rental units and is currently undergoing renovations to enhance its facilities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $34,500,000
  • Lender: A10 Capital
  • Landlord: David Lynd - The Lynd Group
  • Loan Type: Refinance
  • Market: Miami Gardens
  • Units: 234

The refinancing secured by The Lynd Group from A10 Capital will support ongoing improvements within the community, aimed at upgrading individual units and enhancing common areas to facilitate rent growth. The property is strategically located near significant event and employment centers in Miami.

Players

LENDER

17 deals$1.1B volume
LANDLORD

Details

FINANCED
IMAGE: David Lynd DATE: 04/24/2026 ADDRESS: 17600 Northwest 5th Avenue MARKET: Miami Gardens ASSET TYPE: Multifamily ~ UNITS: 234 LENDER: A10 Capital (@A10Capital) LANDLORD: David Lynd - The Lynd Group (@LyndGroup) LOAN AMOUNT: $34,500,000 LOAN TYPE: Refinance NOTE: The Lynd Group secured a $34.5M refinancing from A10 Capital for Parc Place Apartments in Miami Gardens, supporting ongoing renovations across the 234-unit community. The capital will fund unit upgrades and common-area improvements as the owner continues pushing rent growth at the property near major Miami event and employment hubs.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,500,000.00

Monthly NOI$230,000.00
Monthly Debt Service$218,063.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00