Clara scores $102M refi for pricey Bay Harbour Islands apartment development
Clara Homes landed a $101.5 million refinancing for the first two phases of a luxury multifamily development in Bay Harbour Islands. Hudson Bay Capital provided the loan for the project at 10281 West Bay Harbor Drive and 1147-1155 100th Street, which is a part of the three-phase Clara Bay Harbour apartment community that will total 321,000 square feet and 150 units, CEO and Founder James Curnin said. Adam Schwartz of Walker & Dunlop brokered the debt. The first phase, a 92,000-square-foot building with 28 apartments, is complete and 75 percent leased, according to the developer. The second phase will span […]This article originally appeared on The Real Deal. Click here to read the full story.
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