Eduardo Cohen Of RBI Private Lending Provides $3.48M Refinance Loan For Miami Condo
1000 Biscayne Boulevard
$3,480,000
$756/SF
Building Size
4,600 SF
Asset Type
Condo
Closing
Feb 12, 2026
AI
The asset involved in this transaction is a condo located at 1000 Biscayne Boulevard Unit 3802 in the Miami market, encompassing a total of 4,600 square feet. The transaction involved a loan amount of $3,480,000 for the purpose of refinancing the property.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,480,000
- Loan Type: Refinance
- Loan Terms: 18 Months
- Lender: Eduardo Cohen - RBI Private Lending
- Broker/Landlord's Rep: Jhakees Napolitano - Range Mortgage LLC
The transaction was facilitated by Eduardo Cohen representing RBI Private Lending, which is expanding its operations both locally in Miami and nationwide. Jhakees Napolitano from Range Mortgage LLC assisted in the deal as the broker representative for the landlord.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93