Codina Partners Breaks Ground on South Florida Multifamily Community, Secures $100M Construction Loan

Codina Partners Breaks Ground on South Florida Multifamily Community, Secures $100M Construction Loan

DORAL, FLA. — Codina Partners has broken ground on Sevilla, a seven-story, 412-unit apartment property within the 250-acre Downtown Doral mixed-use development in metro Miami. Additionally, Codina Partners has secured a $100 million construction loan from Regions Bank and Ocean Bank. Regions Bank will fund 65 percent of the loan, while Ocean Bank is providing the remaining 35 percent. Located at the corner of N.W. 53rd Street and N.W. 52nd Terra…

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…