Updated Oct 28, 2024
Ana-Marie Codina Barlick's Codina Partners Secures $55.7M Construction Loan For Multifamily Property In Doral With Wells Fargo
5225 NW 85th Ave, Doral, FL, USA
$55,730,000
$52,230/SF
Building Size
1,067 SF
Asset Type
MultiFamily
Closing
Sep 27, 2021
About this deal
AI
The multifamily property at 5225 NW 85th Ave in Doral has recently undergone a closed transaction. The transaction took place on 09/27/2021 and involved a loan provided by Wells Fargo. The loan amount for this transaction was $55,730,000, and it was a construction loan. The landlord in this transaction is Codina Partners, represented by Ana-Marie Codina Barlick.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $55,730,000
- Loan Type: Construction Loan
- Lender: Wells Fargo
- Landlord: Codina Partners - Ana-Marie Codina Barlick
This transaction demonstrates the successful collaboration between the landlord, Codina Partners, and the lender, Wells Fargo. The loan provided by Wells Fargo will support the construction of the multifamily property located at 5225 NW 85th Ave in Doral. Ana-Marie Codina Barlick, the representative of Codina Partners, played a pivotal role in facilitating this deal.
Players
Doral 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93