CC Residential lands $43.3M construction loan for Doral apartments

The Coral Gables-based firm will use the loan from PNC Bank to finance construction of Doral 4200, a 250-unit rental apartment property

Miami /
Apr.April 15, 2018 12:45 PM

Rendering of the Doral 4200 rental apartment development

CC Residential, led by developers Armando Codina and James Carr, landed a $43.3 million bank loan to finance construction of an apartment building in Doral.

A company affiliated with Coral Gables-based CC Residential got the construction loan from PNC Bank.

The loan will finance construction of Doral 4200, a 250-unit apartment building on a 9.6-acre site at 4200 Northwest 107th Avenue in Doral.

Common-area amenities at Doral 4200 will include a swimming pool, a clubhouse and play area for children, plus walkways circling lakes.

In January, CC Residential paid $11 million for the development site, located just north of Northwest 41st Street, a major arterial road in Doral.

CC Residential’s Codina is the lead developer of a nearby mixed-use project called Downtown Doral, a master-planned development that will have more than 1.4 million square feet of commercial space, including 400,000 square feet of office space, and 5,000 residential units. [South Florida Business Journal] Mike Seemuth


Related Articles

arrow_forward_ios
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
Donald Trump and Grant Cardone (Cardone Enterprises)
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...