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Codina Closes on $100M Financing for Doral Apartments
Codina Partners, thanks to a $100 million construction loan, has broken ground on Sevilla, a seven-story, 412-unit residential tower in the heart of Downtown Doral, a 250-acre mixed-use community.
The loan was financed by Regions Bank, in conjunction with Ocean Bank. Regions Bank will fund 65% of the loan, while Ocean Bank is providing the remaining 35%.
Located at the corner of NW 53rd Street and NW 52nd Terrace, the development site spans 4.2 acres.
Sevilla will offer a range of 1-, 2-, and 3-bedroom units spanning 720 to 1,708 square feet. Amenities include:
- A resort-style pool deck with a large beach-entry pool, private cabanas, BBQ stations, and outdoor lounges
- A serene zen courtyard and a spacious dog park
- A rooftop wellness deck with pickleball courts, a yoga yard, and walking path
- An club room and lounge
- A two-story fitness center
The first of two phases should be done by Q1 of 2027, and full project completion by Q3 of 2027.
- ◦Financing
