$11,000,000 Refinance Secured for Multifamily Property in Miami, FL
May 12, 2026 Bank
Deal Summary
City National Bank of Florida provided an $11 million loan secured by a 25 unit multifamily property at 1625 NW 35th Street in Allapattah, along with an adjacent land parcel, according to public records. The loan matures in September 2030, with Rene Gonzalez signing as president for borrower Gonzalez Family Holdings Inc.
The 1948 vintage building and companion land parcel sit in the heart of Allapattah, where naturally occurring affordable housing coexists with one of Miami's fastest moving development frontiers.
Financing on older Allapattah multifamily increasingly carries an embedded land story, and lenders are underwriting both: the rent roll today and the redevelopment optionality tomorrow.
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Market Notes
Owners of older multifamily in transitioning Miami neighborhoods should make sure their financing reflects the land value story, not just the trailing income. Adding an adjacent parcel to the collateral, as here, is one way lenders get comfortable stretching proceeds, and owners with scattered adjacent holdings often have more borrowing capacity than a building by building view suggests.
Transaction Details
- Closing Date
- May 12, 2026
- Loan Amount
- $11,000,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Multifamily
- Source
- Public records
Property
- Property Name
- Allapattah 25-Unit Multifamily
- Address
- 1625 NW 35th St
- City, State
- Miami, FL
- Market
- Miami / South Florida
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.