Fernando Murzi, Ivanna Jimenez Ruiz & Jesus Luongo Secure $17M Construction Loan For Miami Condominiums
FINANCED
Florida
See Similar DealsMultiFamily
Financed 02/27/2026
FINANCED
Fernando Murzi, Ivanna Jimenez Ruiz & Jesus Luongo Secure $17M Construction Loan For Miami Condominiums
758 Northwest 2nd Street
See Similar DealsMultiFamily
Financed 02/27/2026
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a condominium property located at 758 Northwest 2nd Street in the Miami market. The loan amount secured for this construction project is $17,000,000.
Summary of transaction details:
- Property Type: Condominiums
- Transaction Amount: $17,000,000
- Landlord: Fernando Murzi, Ivanna Jimenez Ruiz & Jesus Luongo - Forth Development
- Brokers: Max La Cava, Pier Barinci & Magnus Kron - JLL
- Loan Type: Construction
This transaction highlights the involvement of significant individuals and entities. The landlord, Forth Development, is represented by Fernando Murzi, Ivanna Jimenez Ruiz, and Jesus Luongo, while the brokers facilitating the deal are Max La Cava, Pier Barinci, and Magnus Kron from JLL.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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