Updated Apr 17, 2026
Topaz Dori Of Arixa Capital Provides $19.25M Construction Loan For 3 Miami Single Family Residences
691 Northeast 77th Street, 685 Northeast 77th Street & 679 Northeast 77th Street
$19,250,000
$844/SF
Building Size
8,928 SF
Asset Type
Single Family Residence
Closing
Mar 23, 2026
About this deal
AI
691 Northeast 77th Street, 685 Northeast 77th Street & 679 Northeast 77th Street consists of three single-family residences with a total square footage of 22,784. The properties are located in the Miami market.
Summary of transaction details:
- Property Type: Single Family Residences
- Transaction Amount: $19,250,000
- Lender: Topaz Dori - Arixa Capital
- Loan Type: Construction
- Loan Terms: 18 Months
- Date of Transaction: 03/23/2026
This transaction involves Topaz Dori representing Arixa Capital as the lender for the construction loan supporting the properties in this deal.
Players
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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93