Masoud Shojaee's Shoma Group Secures $84M Floating-Rate Loan For Doral Multifamily

A multifamily property located at 9400 Northwest 41st Street in Doral has been involved in a recent closed transaction. The property consists of 226 units and was owned by Masoud Shojaee, who is affiliated with the Shoma Group, acting as the landlord. The transaction took place on 12/18/2020.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Date: 12/18/2020
• Address: 9400 Northwest 41st Street
• Market: Doral
• Units: 226

The lender involved in the transaction was Pensam. They provided a floating-rate loan to the buyer. The loan amount was $84,000,000. The loan has a 3-year term with an extension option.

It is worth noting that Masoud Shojaee, representing the Shoma Group, acted as the landlord in this transaction.