Eduardo Cohen & Arianna Mijares Lend $3,034,690 For Construction At 2218 Northeast 16th Street Fort Lauderdale
2218 Northeast 16th Street
$3,034,690
$506/SF
Building Size
5,988 SF
Asset Type
Single Family Residence
Closing
Jan 29, 2025
AI
The property asset located at 2218 Northeast 16th Street in Fort Lauderdale consists of a single-family structure with a total square footage of 5,988. The asset is associated with a construction loan amounting to $3,034,690.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,034,690
- Lender: Eduardo Cohen & Arianna Mijares
- Lending Institution: RBI Private Lending
- Loan Type: Construction
- Transaction Date: 01/29/2025
Eduardo Cohen and Arianna Mijares served as the lending representatives for this transaction, facilitating the financing necessary for the construction of the property. Their involvement underscores their role as key players in this real estate financing deal.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.23%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93