Ricardo Rincon Secures $4.57 Million Construction Loan For Single Family Residence In North Miami

The property involved in this transaction is a single-family residence located at 13205 Arch Creek Terrace in North Miami. The asset encompasses a total square footage of 6,724 and has a loan amount of $4,566,626 allocated for construction purposes.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $4,566,626
• Address: 13205 Arch Creek Terrace
• Market: North Miami
• Asset Type: Single Family
• Loan Type: Construction
• Loan Terms: 24 months
• Interest Rate: 8.75%
• Lender: Eduardo Cohen - RBI PRIVATE LENDING LLC
• Borrower: Ricardo Rincon
• Broker: Ander Urdaneta - Easy Capital USA

This transaction features Eduardo Cohen representing RBI Private Lending, a prominent private lender noted for funding luxury ground-up construction projects in the greater Miami area. The broker for the deal, Ander Urdaneta from Easy Capital USA, facilitated the loan process for borrower Ricardo Rincon, ensuring a streamlined approach to financing this construction project.