Updated Dec 4, 2024
RBI Private Lending Provides $2.05M Construction Loan For Skylake Property
19610 Northeast 19th Place
$2,050,000
$569/SF
Building Size
3,600 SF
Asset Type
Single Family
Closing
Nov 13, 2023
About this deal
AI
A construction loan was recently secured for a single-family property located at 19610 Northeast 19th Place in Skylake, Aventura. The property spans approximately 3,600 square feet. The loan, provided by RBI Private Lending and facilitated by Eduardo Cohen, amounted to $2,050,000.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $2,050,000
- Address: 19610 Northeast 19th Place
- Market: Skylake, Aventura
- Lender: RBI Private Lending - Eduardo Cohen
Gil Suissa is the landlord of the property. The construction loan, acquired through Eduardo Cohen of RBI Private Lending, will support the development of the single-family home in Skylake, Aventura.
Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93