Updated Nov 10, 2026
FINANCEDDevelopment Site
Daniel Del Río, Pablo Ramos, & Luis Fernando Mejía Secure $29.4M Construction Loan From Hall Structured Finance In Miami
1546 Southwest 27th Avenue
$29,400,000
$1,491/SF
Building Size
19,712 SF
Asset Type
Development Site
Closing
Nov 9, 2026
About this deal
AI
The asset involved in this transaction is a development site situated at 1546 Southwest 27th Avenue in Miami, FL. This property encompasses a square footage of 19,712 and is designated for development purposes, emphasizing its potential for future residential projects.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $29,400,000
- Lender: Hall Structured Finance
- Landlord/Developer: Daniel Del Río, Pablo Ramos, & Luis Fernando Mejía - Habitus Capital
- Loan Type: Construction
This transaction marks a significant step for Habitus Capital as they have commenced the construction of an eight-story, 61-unit apartment project at the aforementioned address. The involvement of Hall Structured Finance as the lender underlines the importance of financial backing in development initiatives like this one.
On the Map
$29,400,000
$1,491/SF
Development Site
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Players
Chaptico Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93