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odina Partners secured a $124 million refinancing for two Downtown Doral apartment towers, using part of the funds to buy out Invesco's stake in one building. The Coral Gables-based company landed the loan, which replaces an existing $92.8 million loan and increases it by $31.2 million. The refinancing package covers both Palma Tower One, a 19-story, 231-unit building at 5250 Northwest 84th Avenue, and Palma Tower Two, a 20-story, 228-unit building at 5225 Northwest 85th Avenue in Doral. Guardian Life Insurance Company of America provided the loan through HPS Investment Partners. The refinancing allows Codina to purchase Invesco's stake in Palma Tower One, as it already owns the second tower. Codina led the development of Downtown Doral and completed both towers in recent years. This refinancing is one of several large deals in South Florida, which has seen a surge in activity despite high interest rates.