Codina Snags $100M Construction Loan for Downtown Doral Multifamily Project

Codina Partners, led by father-daughter duo Armando Codina and Ana-Marie Codina, has landed a $100 million construction loan for their seven-story Sevilla building in Downtown Doral. The 412-unit multifamily project is part of the firm's larger mixed-use development in the area.

The loan was provided by a syndicate led by PNC Bank and SunTrust Bank, with PNC Bank also serving as the administrative agent. According to Codina Partners, construction on the Sevilla building, located on a 4.2-acre site at the corner of Northwest 53rd Street and Northwest 52nd Terrace, has already begun.

This latest development comes as Codina Partners continues to expand its presence in the Doral community, with the firm already responsible for several successful projects in the area. According to Armando Codina, the goal is to create a "vibrant, walkable, urban community" in Downtown Doral.

In regards to the loan, Ana-Marie Codina stated, "The fact that we were able to secure such a substantial loan for this project demonstrates the confidence that lenders have in our vision for Downtown Doral and its potential for continued growth and success."

https://therealdeal.com/miami/2025/07/08/codina-nabs-construction-loan-for-downtown-doral-apartments/