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114 Northeast 22nd Street

Ignacio Aldazabal Of HA Emprendimientos Secures $111 Million Construction Loan In Miami
FINANCEDMultiFamily

Ignacio Aldazabal Of HA Emprendimientos Secures $111 Million Construction Loan In Miami

114 Northeast 22nd Street

$111,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 2, 2026

AI

The property involved in this transaction is a multifamily asset located at 114 Northeast 22nd Street in the Miami market. The loan amount secured for this construction project is $111,000,000.

Summary of transaction details:

The individuals facilitating this transaction include Steven Jemal and Robert Schwartz representing S3 Capital as lenders, while Ignacio Aldazabal is the landlord representing HA Emprendimientos. The brokerage team consists of Max La Cava and Pier Barinci from JLL, supporting the deal's execution.

Players

Max La Cava

JLL

Broker

$1.5B

vol

45 deals

Broker
Steven Jemal

Steven Jemal

S3 Capital

Lender

$3.5B

vol

128 deals

Lender
S3 Capital
S3 CapitalLender

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93