Vertix Group Provides $20M Bridge Loan For Development Site In Coral Gables

A development site located at 1505 Ponce De Leon Boulevard in Coral Gables has secured a $20,000,000 bridge loan. The property, situated in an attractive market, is expected to undergo development in the near future.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Address: 1505 Ponce De Leon Boulevard
• Market: Coral Gables

The bridge loan was provided by Vertix Group, represented by Albert Arisso and Frank Hermosa. The loan will provide the necessary financing for the development of the property, allowing for further progress in the Coral Gables market.