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5225 NW 85th Ave, Doral, FL...

Updated Oct 28, 2024

Ana-Marie Codina Barlick's Codina Partners Secures $55.7M Construction Loan For Multifamily Property In Doral With Wells Fargo
FINANCEDMultiFamily

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

Wells Fargo
Wells FargoLender

Doral MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $52.2K per square foot on a published $55.7M for 1,067 square feet (2021).

Browse Florida multifamily loans on Traded.

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

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