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

Property Image
FINANCED
$3,188,249

Texas

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Single Family Residence8,864 SF
Financed 02/13/2025
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Property Image
FINANCED

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

4222 Willow Grove Road

See Similar Deals
Single Family Residence8,864 SF
Financed 02/13/2025
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Single Family Residence
Price Per Square Foot:$359
Total Square Footage:8,864 SF
Transaction Type:Loan

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.

Players

Eduardo Cohen
RBI Private Lending
Eduardo Cohen
4 deals$11.1M volume
LENDER
RBI Private Lending
RBI Private Lending
LENDER
RBI Mortgages
RBI Mortgages
LENDER

Details

FINANCED
IMAGE: Eduardo Cohen & Eric Smelcer DATE: 02/13/2025 ADDRESS: 4222 Willow Grove Road MARKET: Dallas ASSET TYPE: Single Family ~ SF: 8,864 LENDER: Eduardo Cohen (@Negroco) & Eric Smelcer (@EricSmelcerr) – RBI Private Lending (@RBIPrivateLending) LOAN AMOUNT: $3,188,249 LOAN TYPE: Construction NOTE FROM LENDER: Closed at 82.5% LTC 9.99% Rate – Interest Only

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,188,249.20

Monthly NOI$21,254.99
Monthly Debt Service$20,151.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00