Diego Ojeda Of Ciprés & Rilea Group Secures $90 Million Construction Loan For Development Site In Miami
FINANCED
$90,000,000
Florida
See Similar DealsDevelopment Site
Financed 09/30/2025
FINANCED
Diego Ojeda Of Ciprés & Rilea Group Secures $90 Million Construction Loan For Development Site In Miami
89 Northeast 27th Street
See Similar DealsDevelopment Site
Financed 09/30/2025
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The asset involved is a development site located at 94 NE 29th Street, known as The Rider Residences, within the Miami market. The transaction entails a construction loan with a total amount of $90,000,000 issued by Banco Inbursa.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $90,000,000
- Lender: Banco Inbursa
- Landlord: Diego Ojeda - Ciprés & Rilea Group
- Broker: Javier Herrera
- Loan Type: Construction
The key individuals involved in this transaction include Diego Ojeda, who represents the landlord through Ciprés & Rilea Group. Broker Javier Herrera facilitated the loan arrangement for the development site.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$90,000,000.00
Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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