Alex Guerrero's 3100 North Bay Road LLC Secures $22.31 Million Construction Loan In Miami Beach

The transaction involves a development site located at 3100 North Bay Road in Miami Beach. The loan amount secured for this property is $22,310,000, categorized as a construction loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,310,000
• Lender: Albert Arisso & Frank Hermosa - Vertix Group
• Borrower: Alex Guerrero - 3100 North Bay Road LLC
• Broker: Laszlo Fazekas
• Loan Type: Construction

Albert Arisso and Frank Hermosa represent the lender, Vertix Group, in this transaction. The borrower, Alex Guerrero, is associated with the entity known as 3100 North Bay Road LLC, facilitating the loan agreement for the development site.