Eduardo Cohen & Eric Smelcer Provide $3.19M Construction Loan For Dallas Single Family Home

The property asset involved in the transaction is located at 4222 Willow Grove Road, Dallas. This single-family residence encompasses a total square footage of 8,864. The loan secured for this property was $3,188,249, categorized as a construction loan.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $3,188,249
• Lender: Eduardo Cohen & Eric Smelcer – RBI Private Lending
• Loan Type: Construction
• Closing Details: Closed at 82.5% LTC
• Interest Rate: 9.99% – Interest Only

Key individuals involved in the deal include Eduardo Cohen and Eric Smelcer, who served as the representatives for RBI Private Lending in this transaction. Their collaboration facilitated the successful acquisition of financing for the property development.