facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Loan

/

2218 Northeast 16th Street

Eduardo Cohen & Arianna Mijares Lend $3,034,690 For Construction At 2218 Northeast 16th Street Fort Lauderdale
FINANCEDSingle Family Residence

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

RBI Mortgages
RBI MortgagesLender

Fort Lauderdale Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

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