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.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast  + Florida  + Finance  | 

Capital One Provides $74M Loan to Manor CityPlace (FL) Developers

Capital One has provided a $74 million adjustable-rate loan to partners PGIM Real Estate (formerly Prudential Real Estate Investors) and the Related Group of Florida. The loan will be used to retire existing construction debt of the 398-unit Manor CityPlace Doral, at 3450 NW 85th St. in Doral, FL.

“The teamwork between Capital One’s balance sheet and agency lending groups was instrumental in structuring this transaction with PGIM Real Estate . . .,” said Joshua Howes with Capital One’s Commercial Real Estate Group, who led the transaction. “CityPlace Doral is located in close proximity to Miami International Airport, Downtown Miami and major expressways, and we’re excited about its potential.”

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Connect with Capital One's Howes

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Financing
  • ◦Development
Chase-19-cube
TaylorStreet-03-Cube
TheGuarantors-01-cube