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

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.