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Tony Par Secures $4 Million Construction Loan From Tameer Orevi For Multifamily Project In Miami

Property Image
FINANCED
$4,000,000

Florida

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MultiFamily9,993 SF
Financed 06/30/2025
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Property Image
FINANCED

Tony Par Secures $4 Million Construction Loan From Tameer Orevi For Multifamily Project In Miami

1190 Northwest 8th Avenue

See Similar Deals
MultiFamily9,993 SF
Financed 06/30/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$400
Total Square Footage:9,993 SF
Transaction Type:Loan

This multifamily property located at 1190 Northwest 8th Avenue in Miami consists of 18 units and spans a total of 9,993 square feet. The property is currently mid construction, with approximately 50% of the project completed.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Loan Amount: $4,000,000
  • Loan Type: Construction
  • Loan Terms: 71% LTARV, 18 month loan term, no prepayment penalty, financed payoff/IR/total remaining budget
  • Lender: Tameer Orevi - Orevi Capital
  • Landlord: Tony Par

Tameer Orevi of Orevi Capital facilitated the refinancing of the existing debt, which included an interest reserve and 100% of the remaining construction budget for the ongoing project.

Players

Tameer Orevi
Orevi Capital
Tameer Orevi
4 deals$17.8M volume
LENDER
Orevi Capital
Orevi Capital
LENDER

Details

FINANCED
IMAGE: Tameer Orevi DATE: 06/30/2025 ADDRESS: 1190 Northwest 8th Avenue MARKET: Miami ASSET TYPE: Multifamily ~ UNITS: 18 ~ SF: 9,993 LENDER: Tameer Orevi - Orevi Capital (@OreviCapital) LANDLORD: Tony Par LOAN AMOUNT: $4,000,000 LOAN TYPE: Construction LOAN TERMS: 71% LTARV, 18 month loan term, no prepayment penalty, financed payoff/IR/total remaining budget NOTE FROM LENDER: This is a mid construction project about 50% complete. Orevi Capital refinanced the existing debt, an interest reserve, and 100% of the remaining construction budget.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,000,000.00

Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00