Codina Partners has successfully completed a refinancing deal, solidifying its position as the sole owner of Palma Tower One in Downtown Doral. This tower is part of the larger Palma Tower complex, which also includes a second residential tower.
The $124 million loan was provided by HPS Investment Partners and gives Codina Partners full control over the entire complex. Completed in 2019, Palma Tower One offers 231 luxury residential units and was the first high-rise multi-family development in Downtown Doral. The city is known for its vibrant mix of commercial and residential properties within a 250-acre mixed-use development.
Previously co-owned with Invesco, Codina Partners now solely owns both towers within this prestigious complex. While Tower Two was completed in 2023 with an additional 228 units.
JLL’s Paul Stasaitis played an integral role in arranging this financing deal for Codina Partners.
Residents can enjoy numerous amenities throughout both buildings including a pool deck, fitness center with indoor courts, movie theater, sauna, office pods for remote work needs , conference room , resident lounge , game room , and more . With full ownership secured through this refinancing deal,Codina Partner s looks forward to continuing to provide exceptional living experiences at these luxurious towers located at Doral’s prime location.
