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

Property Image
FINANCED
$55,730,000

Florida

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MultiFamily1,067 SF
Financed 09/27/2021
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Property Image
FINANCED

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

See Similar Deals
MultiFamily1,067 SF
Financed 09/27/2021
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$52,230
Total Square Footage:1,067 SF
Transaction Type:Loan

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 Fargo
LENDER
CP
Codina Partners
LANDLORD

Details

FINANCED
IMAGE: Ana-Marie Codina Barlick DATE: 09/27/2021 ADDRESS: 5225 NW 85th Ave MARKET: Doral ASSET TYPE: Multifamily LENDER: Wells Fargo LANDLORD: Codina Partners - Ana-Marie Codina Barlick LOAN AMOUNT: $55,730,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,730,000.00

Monthly NOI$371,533.33
Monthly Debt Service$352,251.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00