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6171 Southwest 72nd Avenue

Andres Saias Of RBI Provides $3.15M Construction Loan To Uriel Ghelman In Miami
FINANCEDSingle Family Residence

Andres Saias Of RBI Provides $3.15M Construction Loan To Uriel Ghelman In Miami

6171 Southwest 72nd Avenue

$3,150,000

$567/SF

Building Size

5,550 SF

Asset Type

Single Family Residence

Closing

Mar 4, 2025

AI

The asset involved in the transaction is a single-family property located at 6171 Southwest 72nd Avenue in Miami. The total square footage of the property is 5,550. The loan amount for the property is $3,150,000, which is classified as a construction loan with a term of 18 months.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,150,000
  • Loan Type: Construction
  • Loan Terms: 18 Months
  • Lender: Andres Saias - RBI
  • Landlord: Uriel Ghelman - GB2 6171 LLLP
  • Closed at 82.5% LTC
  • Interest Rate: 10.5% - Interest Only

The transaction features Andres Saias from RBI, who served as the lender, providing the necessary funding for the project. Uriel Ghelman from GB2 6171 LLLP is the landlord associated with the property, indicating the involvement of established entities in this real estate transaction.

Players

RBI Mortgages
RBI MortgagesLender

Miami 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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93