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Nelson Reyes Secures $1.068M Construction Loan For Single Family Home In Miami

Property Image
FINANCED
$1,068,942

Florida

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Single Family Residence2,452 SF
Financed 03/28/2025
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Property Image
FINANCED

Nelson Reyes Secures $1.068M Construction Loan For Single Family Home In Miami

4011 Northwest 6th Avenue

See Similar Deals
Single Family Residence2,452 SF
Financed 03/28/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$435
Total Square Footage:2,452 SF
Transaction Type:Loan

The property asset involved in the transaction is located at 4011 Northwest 6th Avenue, Miami. This single-family home has a total square footage of 2,452. The transaction involves a construction loan secured for the amount of $1,068,942.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,068,942
  • Lender: Andres Saias - RBI Private Lending
  • Landlord: Nelson Reyes
  • Broker: Sergio Santana - SDS Investments LLC
  • Loan Type: Construction
  • Loan Terms: 24 months
  • LTC: 85%
  • Interest Rate: 10.5% (Interest Only Loan)

The individuals involved in this transaction include lender Andres Saias, representing RBI Private Lending, and broker Sergio Santana, who operates under SDS Investments LLC, facilitating the financing aspects of this deal. The landlord for the property is Nelson Reyes.

Players

Sergio Santana
Sergio Santana
2 deals$3.2M volume
BROKER
Sergio Santana
Sergio Santana
2 deals$3.2M volume
BROKER
RBI Private Lending
RBI Private Lending
LENDER
RBI Mortgages
RBI Mortgages
LENDER

Details

FINANCED
IMAGE: Sergio Santana & Andres Saias DATE: 03/28/2025 ADDRESS: 4011 Northwest 6th Avenue MARKET: Miami ASSET TYPE: Single Family~ SF: 2,452 LENDER: Andres Saias - RBI Private Lending (@RBIPrivateLending) LANDLORD: Nelson Reyes BROKER: Sergio Santana - SDS Investments LLC LOAN AMOUNT: $1,068,942 LOAN TYPE: Construction LOAN TERMS: 24 months NOTE FROM LENDER: 85% LTC 10.5% INTEREST ONLY LOAN 24 MONTHS PERIOD

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,068,942.49

Monthly NOI$7,126.28
Monthly Debt Service$6,756.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00