Topaz Dori Of Arixa Capital Provides $19.25M Construction Loan For 3 Miami Single Family Residences
FINANCED
$19,250,000
Florida
See Similar DealsSingle Family Residence22,784 SF
Financed 03/23/2026
FINANCED
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
See Similar DealsSingle Family Residence22,784 SF
Financed 03/23/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$844
Total Square Footage:22,784 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,250,000.00
Monthly NOI$128,333.33
Monthly Debt Service$121,673.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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