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Fernando Murzi, Ivanna Jimenez Ruiz & Jesus Luongo Secure $17M Construction Loan For Miami Condominiums

Property Image
FINANCED
$17,000,000

Florida

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MultiFamily
Financed 02/27/2026
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Property Image
FINANCED

Fernando Murzi, Ivanna Jimenez Ruiz & Jesus Luongo Secure $17M Construction Loan For Miami Condominiums

758 Northwest 2nd Street

See Similar Deals
MultiFamily
Financed 02/27/2026
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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.

Players

Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER

Pier Barinci
JLL
27 deals$728.2M volume
BROKER

Magnus Kron
JLL
2 deals$40M volume
BROKER

Details

FINANCED
IMAGE: Magnus Kron, Fernando Murzi, Max La Cava, Ivanna Jimenez, Pier Barinci & Jesus Luongo DATE: 02/27/2026 ADDRESS: 758 Northwest 2nd Street MARKET: Miami ASSET TYPE: Condominiums LANDLORD: Fernando Murzi, Ivanna Jimenez Ruiz & Jesus Luongo - Forth Development BROKERS: Max La Cava (@Max_La_Cava), Pier Barinci (@PierBarinci) & Magnus Kron (@MagnusKronn) - JLL (@JLL) LOAN AMOUNT: $17,000,000 LOAN TYPE: Construction

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Deal Type
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