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.
On the Map
$19,250,000
$844/SF
Single Family Residence
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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