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:
- Property Type: Multifamily
- Transaction Amount: $111,000,000
- Lender: Steven Jemal & Robert Schwartz - S3 Capital
- Landlord: Ignacio Aldazabal - HA Emprendimientos
- Brokers: Max La Cava & Pier Barinci - JLL
- Loan Type: Construction
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
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