Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Bay Harbor Developer Inks Loan to Build 150 Apartment Units
Clara Homes obtained an $80 million construction loan to build a 150-unit apartment complex on Bay Harbor Island. The loan was provided by Madison Realty Capital. Walker & Dunlop arranged the construction financing of 10290 East Bay Harbor Drive.
The Walker & Dunlop Capital Markets Institutional Advisory team led by Adam Schwartz, Jonathan Schwartz, Aaron Appel, Keith Kurland, Sean Reimer, Michael Diaz and Michael Ianno arranged the floating-rate, interest-only loan.
The project is the third of a three-phased multifamily master-planned development, totaling 150 units. The property features private terraces – many offering unobstructed Biscayne Bay views. Amenities include a rooftop pool with panoramic water views, a fitness center.
The development is not far from the Bal Harbour Shops, which is currently undergoing a $550 million redevelopment.
- ◦Development
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
Caribbean Manor Apartments in Sarasota, FL
Sarasota, FLFlorida & Gulf Coast + Apartment Buildings + Affordable Housing + Student Housing
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $2,770,000 No. of Units: 16 Cap Rate: 6.85 Average Occupancy: 97 Year Built: 1972 Year Renovated: 2024 Building Size: 6960 Sq ft Lot Size: 29508 Acres No. of Stories: 2 No. of Parking Spots: 32 Opportunity Zone: No Price per unit: $173,125 183 Lake Morton Dr
Lakeland, FLFlorida & Gulf Coast + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Call for offers Price: $1,900,000 No. of Units: 16 Year Built: 1925 Lot Size: 0.50661157024793 Acres Opportunity Zone: No Price per unit: $118,750
