Updated Sep 14, 2026
Michael Bitton Secures $5,250,000 Construction Loan From Eduardo Cohen & Eric Smelcer In Dallas
5006 Pebblebrook Drive
$5,250,000
$637/SF
Building Size
8,232 SF
Asset Type
Single Family Residence
Closing
Aug 26, 2026
About this deal
AI
A loan transaction took place involving a construction loan for a single-family asset located at 5006 Pebblebrook Drive in Dallas, covering 8,232 square feet. The loan amount is $5,250,000, with a term of 24 months.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,250,000
- Lender: Eduardo Cohen & Eric Smelcer - RBI Private Lending LLC
- Borrower: Michael Bitton
- Loan Type: Construction
- Loan Terms: 24 Months
The deal highlights the engagement of RBI Private Lending LLC, represented by Eduardo Cohen and Eric Smelcer, specializing in funding custom and spec construction projects across Texas. Their approach includes tailored draw schedules and a fast turnaround, catering to the needs of builders and investors in the current market.
On the Map
$5,250,000
$637/SF
Single Family Residence
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Players
Dallas 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93