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

TRD 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
Best of TRD 2019 promo

Coming soon: The Real Deal’s Best of 2019

Madison Realty Capital'a Josh Zegen and Fort Partners' Nadim Ashi  

Four Seasons in Fort Lauderdale scores $210M loan

Daily Digest Miami

South Florida home sales struggle in October, Cipriani and Terra plan luxury condo

Rendering of Sailboat Bend II

Affordable housing project in downtown Fort Lauderdale lands $27M loan

Rendering of the Brickell hotel development, Tony Cho and Robert Finvarb

Finvarb and Cho land construction loan for mixed-use hotel near Brickell City Centre

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Neiman Marcus CEO Geoffroy Van Raemdonck (Credit: Getty Images)

Struggling Neiman Marcus scores loan from Credit Suisse for Coral Gables store

Developers land $74.5M loan for condo construction project at Ocean Reef Club

Developers land $74.5M loan for condo construction project at Ocean Reef Club

arrow_forward_ios
Loading...